Exchange Traded Concepts LLC Grows Position in The Walt Disney Company (NYSE:DIS)

Exchange Traded Concepts LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,265 shares of the entertainment giant's stock after acquiring an additional 3,750 shares during the period. Exchange Traded Concepts LLC's holdings in Walt Disney were worth $8,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in DIS. Sound Income Strategies LLC increased its holdings in shares of Walt Disney by 5.6% in the 1st quarter. Sound Income Strategies LLC now owns 4,291 shares of the entertainment giant's stock valued at $424,000 after acquiring an additional 226 shares during the period. Prentice Wealth Management LLC boosted its position in Walt Disney by 2.2% during the first quarter. Prentice Wealth Management LLC now owns 6,492 shares of the entertainment giant's stock valued at $641,000 after purchasing an additional 137 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Walt Disney by 3.8% in the 1st quarter. Ritholtz Wealth Management now owns 23,964 shares of the entertainment giant's stock worth $2,365,000 after buying an additional 887 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Walt Disney by 4.8% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,679 shares of the entertainment giant's stock worth $1,350,000 after purchasing an additional 629 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its position in Walt Disney by 16.8% during the 1st quarter. Missouri Trust & Investment Co now owns 14,240 shares of the entertainment giant's stock valued at $1,405,000 after buying an additional 2,053 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 0.6%

Shares of NYSE:DIS opened at $117.85 on Monday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50. The stock has a market cap of $211.86 billion, a P/E ratio of 38.39, a PEG ratio of 1.80 and a beta of 1.54. The business has a fifty day moving average of $101.58 and a two-hundred day moving average of $105.77. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 EPS. The company's revenue was up 7.0% compared to the same quarter last year. On average, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DIS shares. Rosenblatt Securities raised 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. Morgan Stanley raised their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group lifted their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Guggenheim cut their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Barclays upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.96.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was 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 directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

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.

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