Heritage Investors Management Corp Has $40.06 Million Holdings in The Walt Disney Company (NYSE:DIS)

Heritage Investors Management Corp raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 405,865 shares of the entertainment giant's stock after purchasing an additional 8,154 shares during the quarter. Walt Disney accounts for 1.4% of Heritage Investors Management Corp's portfolio, making the stock its 18th largest position. Heritage Investors Management Corp's holdings in Walt Disney were worth $40,059,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney in the 4th quarter worth $32,000. Copia Wealth Management bought a new stake in shares of Walt Disney in the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Walt Disney in the 4th quarter worth $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the firm's 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 directly owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Walt Disney Stock Up 0.3%

Shares of NYSE:DIS traded up $0.39 on Tuesday, reaching $121.23. The company had a trading volume of 3,104,870 shares, compared to its average volume of 9,967,140. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. 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 stock has a 50-day moving average price of $117.00 and a 200 day moving average price of $106.95. The stock has a market capitalization of $217.94 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.78 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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. 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 analysts' expectations of $23.15 billion. During the same period in the prior year, the firm posted $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Guggenheim lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Loop Capital lifted 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. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and lifted their price target for the company from $100.00 to $144.00 in a report on Monday, June 30th. Five 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 stock. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus target price of $128.13.

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.