Live Oak Private Wealth LLC Grows Position in The Walt Disney Company (NYSE:DIS)

Live Oak Private Wealth LLC boosted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 71,170 shares of the entertainment giant's stock after acquiring an additional 4,071 shares during the period. Live Oak Private Wealth LLC's holdings in Walt Disney were worth $7,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. bought a new stake in Walt Disney in the 4th quarter valued at about $28,000. Tacita Capital Inc raised 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 acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the 4th quarter valued at about $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in Walt Disney in the 4th quarter valued at about $34,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Barclays upped their price target on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. UBS Group upped their price target on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Guggenheim decreased their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $123.96.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.

Walt Disney Price Performance

DIS traded up $0.13 during midday trading on Monday, hitting $117.76. The stock had a trading volume of 8,074,333 shares, compared to its average volume of 10,105,962. The company has a market cap of $211.70 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54. The business has a fifty day moving average of $105.35 and a 200 day moving average of $105.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50.

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 the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.