Destiny Wealth Partners LLC Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Destiny Wealth Partners LLC raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 116.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,483 shares of the entertainment giant's stock after buying an additional 2,944 shares during the period. Destiny Wealth Partners LLC's holdings in Walt Disney were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DIS. Norges Bank purchased a new position in Walt Disney in the fourth quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after buying an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after buying an additional 4,680,930 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Walt Disney in the fourth quarter valued at about $358,151,000. Finally, Boston Partners purchased a new position in Walt Disney in the fourth quarter valued at about $350,707,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DIS shares. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Rosenblatt Securities increased their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Guggenheim lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average price target of $123.75.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.16% of the company's stock.

Walt Disney Trading Up 1.3%

Walt Disney stock opened at $113.95 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market cap of $204.85 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The firm's 50 day moving average price is $98.47 and its two-hundred day moving average price is $105.70.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the business posted $1.21 EPS. The company's revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

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