2,124 Shares in The Walt Disney Company (NYSE:DIS) Bought by Gries Financial LLC

Gries Financial LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,124 shares of the entertainment giant's stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after buying an additional 1,904 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Walt Disney during the 4th quarter worth $65,000. American Century Companies Inc. grew its stake in shares of Walt Disney by 20.0% in the fourth quarter. American Century Companies Inc. now owns 1,186,639 shares of the entertainment giant's stock worth $132,133,000 after purchasing an additional 198,096 shares in the last quarter. LPL Financial LLC grew its stake in shares of Walt Disney by 4.9% in the fourth quarter. LPL Financial LLC now owns 1,911,722 shares of the entertainment giant's stock worth $212,870,000 after purchasing an additional 89,796 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Walt Disney during the fourth quarter valued at $5,059,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.6%

Shares of DIS stock traded down $0.75 during trading hours on Thursday, reaching $122.19. 4,756,214 shares of the stock traded hands, compared to its average volume of 9,863,140. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $219.66 billion, a PE ratio of 25.01, a PEG ratio of 1.77 and a beta of 1.56. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The business has a fifty day moving average price of $117.61 and a 200 day moving average price of $107.22.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DIS. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Rosenblatt Securities increased their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Guggenheim lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $128.13.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

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.