Global Assets Advisory LLC Buys New Shares in The Walt Disney Company (NYSE:DIS)

Global Assets Advisory LLC bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,669 shares of the entertainment giant's stock, valued at approximately $331,000.

A number of other institutional investors have also added to or reduced their stakes in DIS. Brighton Jones LLC grew its stake in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. FourThought Financial Partners LLC bought a new position in shares of Walt Disney during the fourth quarter valued at about $446,000. Los Angeles Capital Management LLC grew its stake in shares of Walt Disney by 117.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 29,071 shares of the entertainment giant's stock valued at $3,237,000 after buying an additional 15,708 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at about $195,000. Finally, Kirtland Hills Capital Management LLC grew its stake in shares of Walt Disney by 15.6% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 5,765 shares of the entertainment giant's stock valued at $642,000 after buying an additional 780 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. Morgan Stanley raised their price objective 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 increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Rosenblatt Securities increased their target price 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. UBS Group increased their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Barclays increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.96.

Walt Disney Price Performance

Shares of NYSE DIS opened at $119.53 on Thursday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The company has a 50 day simple moving average of $106.76 and a two-hundred day simple moving average of $105.92. The company has a market capitalization of $214.89 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.74 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

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

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on 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 now owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

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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