Kingswood Wealth Advisors LLC Purchases 35,728 Shares of The Walt Disney Company (NYSE:DIS)

Kingswood Wealth Advisors LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 237.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,785 shares of the entertainment giant's stock after acquiring an additional 35,728 shares during the period. Kingswood Wealth Advisors LLC's holdings in Walt Disney were worth $4,972,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trek Financial LLC lifted its holdings in shares of Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after acquiring an additional 30,057 shares during the period. Greystone Financial Group LLC lifted its stake in Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after purchasing an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC bought a new position in Walt Disney in the 4th quarter valued at approximately $446,000. Rheos Capital Works Inc. lifted its stake in Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after purchasing an additional 246,000 shares during the last quarter. Finally, Merit Financial Group LLC lifted its stake in Walt Disney by 47.0% in the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant's stock valued at $5,643,000 after purchasing an additional 18,272 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $118.18 on Wednesday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $120.50. The firm has a fifty day simple moving average of $102.86 and a 200 day simple moving average of $105.79. The company has a market capitalization of $212.46 billion, a PE ratio of 24.17, a P/E/G ratio of 1.75 and a beta of 1.54. 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 announced its earnings results 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 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the firm earned $1.21 earnings per share. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the subject of several research reports. Barclays increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Rosenblatt Securities increased their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Guggenheim decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $123.96.

About Walt Disney

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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