Fiduciary Alliance LLC Purchases 5,870 Shares of The Walt Disney Company (NYSE:DIS)

Fiduciary Alliance LLC grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 11.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,978 shares of the entertainment giant's stock after acquiring an additional 5,870 shares during the quarter. Fiduciary Alliance LLC's holdings in Walt Disney were worth $5,722,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of DIS. Pathway Financial Advisors LLC increased its stake in shares of Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after acquiring an additional 92 shares during the last quarter. Prossimo Advisors LLC grew its holdings in Walt Disney by 1.1% in the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock valued at $972,000 after buying an additional 92 shares during the last quarter. Onefund LLC increased its position in Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after buying an additional 93 shares during the period. Boston Financial Mangement LLC lifted its holdings in shares of Walt Disney by 1.5% during the fourth quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant's stock worth $700,000 after buying an additional 94 shares during the last quarter. Finally, Bank Hapoalim BM boosted its position in shares of Walt Disney by 2.2% in the fourth quarter. Bank Hapoalim BM now owns 4,539 shares of the entertainment giant's stock valued at $505,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Loop Capital raised their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Rosenblatt Securities upped their price objective on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Guggenheim cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a 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 MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $123.75.

Walt Disney Stock Up 0.2%

DIS stock traded up $0.24 during mid-day trading on Thursday, hitting $113.73. 3,099,072 shares of the company were exchanged, compared to its average volume of 10,016,032. 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 Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The firm's 50 day simple moving average is $97.87 and its 200 day simple moving average is $105.75. The firm has a market cap of $204.46 billion, a P/E ratio of 37.05, a P/E/G ratio of 1.80 and a beta of 1.49.

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, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the company'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 sale, the executive vice president now owns 46,831 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. Company 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.