Golden State Wealth Management LLC Has $1.62 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Golden State Wealth Management LLC raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 171.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,349 shares of the entertainment giant's stock after acquiring an additional 10,317 shares during the period. Golden State Wealth Management LLC's holdings in Walt Disney were worth $1,615,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Trek Financial LLC raised its holdings in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after acquiring an additional 30,057 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in Walt Disney in the 4th quarter valued at approximately $446,000. 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 valued at $39,026,000 after acquiring an additional 246,000 shares in the last quarter. WoodTrust Financial Corp raised its holdings in Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Finally, Merit Financial Group LLC raised its holdings in Walt Disney by 47.0% in the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant's stock valued at $5,643,000 after acquiring an additional 18,272 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Loop Capital upped 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. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Morgan Stanley upped 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. Barclays upped their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, UBS Group upped their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued 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 $123.96.

Insider Activity

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

Walt Disney Stock Up 0.7%

Shares of DIS opened at $119.53 on Thursday. The firm has a market capitalization of $214.89 billion, a price-to-earnings ratio of 24.44, a PEG 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. The business's fifty day moving average price is $106.76 and its two-hundred day moving average price is $105.92. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $120.50.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly 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. The company had revenue of $23.62 billion for 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 firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 EPS. On average, analysts predict 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.

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