The Walt Disney Company (NYSE:DIS) Stock Holdings Lifted by Heritage Investors Management Corp

Heritage Investors Management Corp lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 405,865 shares of the entertainment giant's stock after purchasing an additional 8,154 shares during the quarter. Walt Disney comprises 1.4% of Heritage Investors Management Corp's holdings, making the stock its 18th largest position. Heritage Investors Management Corp's holdings in Walt Disney were worth $40,059,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Walt Disney by 2.0% in the fourth quarter. Advisors Asset Management Inc. now owns 29,980 shares of the entertainment giant's stock valued at $3,338,000 after acquiring an additional 596 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $65,000. iA Global Asset Management Inc. lifted its position in shares of Walt Disney by 8.2% in the fourth quarter. iA Global Asset Management Inc. now owns 4,919 shares of the entertainment giant's stock valued at $548,000 after acquiring an additional 373 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. lifted its position in shares of Walt Disney by 1.1% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 14,204 shares of the entertainment giant's stock valued at $1,589,000 after acquiring an additional 154 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DIS shares. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday. UBS Group upped their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Morgan Stanley upped their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Rosenblatt Securities increased their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $128.13.

Walt Disney Stock Up 1.6%

NYSE:DIS traded up $1.90 during mid-day trading on Wednesday, hitting $122.96. The company had a trading volume of 2,554,511 shares, compared to its average volume of 9,934,700. The business has a fifty day simple moving average of $117.00 and a 200-day simple moving average of $106.95. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a market capitalization of $221.05 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.77 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, topping analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 46,831 shares in the company, 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 legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by insiders.

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.