Equita Financial Network Inc. Buys Shares of 2,424 The Walt Disney Company (NYSE:DIS)

Equita Financial Network Inc. bought a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 2,424 shares of the entertainment giant's stock, valued at approximately $239,000.

Other hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the 4th quarter worth $27,000. Kessler Investment Group LLC boosted its stake in Walt Disney by 274.0% in the first 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 in the last quarter. Tacita Capital Inc lifted its holdings in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the 4th quarter valued at approximately $32,000. Finally, Copia Wealth Management purchased a new position in Walt Disney in the 4th quarter worth $36,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Rosenblatt Securities increased their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and lifted their price objective for the company from $100.00 to $144.00 in a research note on Monday. UBS Group raised their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Finally, Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.79.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business'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 sale, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was 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 at this link. Insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

NYSE DIS traded down $0.51 during trading hours on Wednesday, hitting $122.98. 7,314,209 shares of the stock were exchanged, compared to its average volume of 10,054,051. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a market cap of $221.09 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a 50-day moving average of $109.80 and a 200 day moving average of $106.10.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

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.