Louisbourg Investments Inc. Buys 7,380 Shares of The Walt Disney Company (NYSE:DIS)

Louisbourg Investments Inc. raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,879 shares of the entertainment giant's stock after purchasing an additional 7,380 shares during the quarter. Walt Disney accounts for 1.3% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 28th biggest holding. Louisbourg Investments Inc.'s holdings in Walt Disney were worth $5,417,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have recently commented on DIS. Rosenblatt Securities boosted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Guggenheim cut their price target 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. Finally, Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.96.

Walt Disney Stock Performance

Shares of DIS traded down $0.83 during mid-day trading on Wednesday, hitting $117.30. The company's stock had a trading volume of 1,488,156 shares, compared to its average volume of 10,054,611. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. The stock's 50-day moving average is $102.86 and its two-hundred day moving average is $105.79. The firm has a market capitalization of $210.88 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly 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. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period last year, the business posted $1.21 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.

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.