2,412 Shares in The Walt Disney Company (NYSE:DIS) Purchased by Fonville Wealth Management LLC

Fonville Wealth Management LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,412 shares of the entertainment giant's stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Planning Directions Inc. purchased a new stake in Walt Disney during the 1st quarter valued at about $326,000. Trek Financial LLC boosted its stake in shares of Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after buying an additional 30,057 shares during the last quarter. WoodTrust Financial Corp boosted its stake in shares of Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after buying an additional 6,047 shares during the last quarter. Bank of Stockton raised its holdings in Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after purchasing an additional 383 shares during the period. Finally, Rheos Capital Works Inc. raised its holdings in Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after purchasing an additional 246,000 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. UBS Group increased their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $127.35.

Walt Disney Stock Down 1.4%

Shares of DIS stock traded down $1.74 during trading hours on Friday, hitting $119.82. 6,107,624 shares of the company were exchanged, compared to its average volume of 10,007,504. The company has a market capitalization of $215.41 billion, a PE ratio of 24.50, a PEG ratio of 1.78 and a beta of 1.56. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business has a 50 day moving average of $114.35 and a two-hundred day moving average of $106.65. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the business posted $1.21 earnings per share. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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.