Jupiter Wealth Management LLC Buys 2,975 Shares of The Walt Disney Company (NYSE:DIS)

Jupiter Wealth Management LLC increased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 44.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,623 shares of the entertainment giant's stock after purchasing an additional 2,975 shares during the quarter. Jupiter Wealth Management LLC's holdings in Walt Disney were worth $1,072,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DIS. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the fourth quarter worth about $27,000. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc grew its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney during the 4th quarter valued at $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth $34,000. Institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by insiders.

Walt Disney Stock Down 1.3%

Shares of DIS opened at $109.73 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a 50 day simple moving average of $95.89 and a two-hundred day simple moving average of $105.19. The firm has a market cap of $197.27 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business posted $1.21 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Guggenheim cut their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Rosenblatt Securities reiterated a "buy" rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.54.

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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