Harel Insurance Investments & Financial Services Ltd. Increases Stake in The Walt Disney Company (NYSE:DIS)

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 401.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,088 shares of the entertainment giant's stock after buying an additional 2,472 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Walt Disney were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Trek Financial LLC boosted its holdings in 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 purchasing an additional 30,057 shares during the last quarter. WoodTrust Financial Corp lifted its holdings in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after buying an additional 6,047 shares during the period. Bank of Stockton boosted its stake in shares of 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 buying an additional 383 shares during the last quarter. Rheos Capital Works Inc. grew its holdings in shares of Walt Disney by 164.7% in the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after acquiring an additional 246,000 shares during the period. Finally, Merit Financial Group LLC increased its position in Walt Disney by 47.0% during the first 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 during the last quarter. Institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DIS shares. Morgan Stanley raised their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" 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 stock a "buy" rating in a research note on Tuesday, June 3rd. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $125.83.

Insider Buying and Selling

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

Walt Disney Trading Up 0.8%

Shares of DIS traded up $1.00 during midday trading on Friday, hitting $123.98. The stock had a trading volume of 4,252,305 shares, compared to its average volume of 10,037,800. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The stock's 50 day moving average is $111.87 and its 200 day moving average is $106.37. The firm has a market cap of $222.88 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56.

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 (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the business earned $1.21 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.