IPG Investment Advisors LLC Has $1.14 Million Holdings in The Walt Disney Company (NYSE:DIS)

Key Points

• IPG Investment Advisors LLC reduced its holdings in The Walt Disney Company by 55.8%, ending the first quarter with $1.14 million in shares after selling over 14,000 shares.
• The Walt Disney Company reported a 7.0% year-over-year revenue increase for the latest quarter, reaching $23.62 billion and exceeding analysts' estimates.
• Several analysts have upgraded their ratings for Disney, with Jefferies Financial Group raising its price target from $100 to $144, indicating strong market sentiment.

IPG Investment Advisors LLC trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 55.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,532 shares of the entertainment giant's stock after selling 14,569 shares during the period. IPG Investment Advisors LLC's holdings in Walt Disney were worth $1,138,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Waterloo Capital L.P. lifted its position in Walt Disney by 3.2% during the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after buying an additional 97 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Walt Disney by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock worth $2,523,000 after acquiring an additional 98 shares during the period. Acorns Advisers LLC raised its stake in Walt Disney by 2.6% in the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after acquiring an additional 98 shares during the period. Clearstead Trust LLC lifted its holdings in Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after purchasing an additional 99 shares during the last quarter. Finally, Allegheny Financial Group boosted its position in Walt Disney by 2.3% during the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president owned 46,831 shares in the company, valued at approximately $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 can be accessed through this link. 0.16% of the stock is owned by insiders.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $116.57 on Monday. The stock has a market cap of $209.56 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.71 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company's fifty day moving average is $118.76 and its 200 day moving average is $107.73. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 EPS. The business's revenue was up 7.0% on a year-over-year basis. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and increased their price objective for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Rosenblatt Securities boosted their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Guggenheim upped their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. lifted their price target on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Five equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $128.70.

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.

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