Liberty Wealth Management LLC Purchases 16,328 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Liberty Wealth Management LLC has increased its stake in The Walt Disney Company by 214.3% during the first quarter, now holding a total of 23,949 shares valued at $2,364,000.
• Walt Disney's recent earnings report showed earnings per share of $1.45, exceeding analysts' expectations of $1.21, with a year-over-year revenue increase of 7.0%.
• Multiple analysts have upgraded their target prices for Walt Disney, with Jefferies Financial Group raising their price target to $144.00 and maintaining a "buy" rating.

Liberty Wealth Management LLC increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 214.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,949 shares of the entertainment giant's stock after buying an additional 16,328 shares during the quarter. Liberty Wealth Management LLC's holdings in Walt Disney were worth $2,364,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DIS. Brighton Jones LLC grew its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Walt Disney in the 4th quarter valued at approximately $124,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the 4th quarter valued at approximately $32,000. Dynamic Technology Lab Private Ltd acquired a new stake in Walt Disney in the 4th quarter valued at approximately $498,000. Finally, Envestnet Asset Management Inc. grew its holdings in Walt Disney by 7.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,963,216 shares of the entertainment giant's stock valued at $441,304,000 after buying an additional 282,760 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Walt Disney Trading Down 0.6%

Shares of DIS stock traded down $0.68 on Tuesday, reaching $118.67. 15,285,663 shares of the stock were exchanged, compared to its average volume of 7,113,427. The stock has a market cap of $213.34 billion, a PE ratio of 24.27, a P/E/G ratio of 1.75 and a beta of 1.56. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a 50 day moving average price of $118.95 and a 200 day moving average price of $107.82.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 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 previous year, the firm earned $1.21 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DIS shares. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Morgan Stanley lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $144.00 in a report on Monday, June 30th. Rosenblatt Securities lifted 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. Finally, Evercore ISI lifted their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.83.

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.