Eagle Global Advisors LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Key Points

• Eagle Global Advisors LLC has increased its stake in The Walt Disney Company by 6.8%, owning a total of 46,335 shares valued at approximately $4.57 million.
• Several institutional investors have also made moves in Walt Disney, with notable increases including a 274% acquisition by Kessler Investment Group LLC in the first quarter.
• Research firms like Guggenheim and JPMorgan have significantly raised their price targets for Disney, with several firms giving it a "buy" rating, reflecting strong investor confidence.

Eagle Global Advisors LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,335 shares of the entertainment giant's stock after purchasing an additional 2,954 shares during the period. Eagle Global Advisors LLC's holdings in Walt Disney were worth $4,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC increased its holdings in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Copia Wealth Management bought a new stake in Walt Disney in the 4th quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Walt Disney in the 4th quarter valued at $39,000. Institutional investors own 65.71% of the company's stock.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated 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 directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Guggenheim raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Rosenblatt Securities boosted their price objective 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. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $131.14.

Walt Disney Stock Down 0.4%

DIS stock opened at $112.40 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a fifty day moving average price of $119.16 and a two-hundred day moving average price of $107.98. The firm has a market cap of $202.09 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.62 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney 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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