McClarren Financial Advisors Inc. Makes New $382,000 Investment in The Walt Disney Company (NYSE:DIS)

Key Points

• McClarren Financial Advisors Inc. invested approximately $382,000 in The Walt Disney Company by purchasing 3,809 shares during the first quarter.
• Several hedge funds, including Brighton Jones LLC and Wellspring Financial Advisors LLC, have recently increased their stakes in Disney, reflecting strong institutional interest in the company.
• Walt Disney reported $1.45 earnings per share in its last quarterly earnings, exceeding analyst expectations of $1.21, with revenue growing 7.0% year-over-year.

McClarren Financial Advisors Inc. bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,809 shares of the entertainment giant's stock, valued at approximately $382,000.

Several other hedge funds also recently made changes to their positions in DIS. Brighton Jones LLC lifted its holdings in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Walt Disney during the fourth quarter worth $498,000. Titleist Asset Management LLC raised its position in Walt Disney by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 7,397 shares of the entertainment giant's stock valued at $824,000 after purchasing an additional 224 shares during the last quarter. Waterloo Capital L.P. grew its holdings in Walt Disney by 3.2% during the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after acquiring an additional 97 shares during the last quarter. Finally, Wellspring Financial Advisors LLC increased its holdings in Walt Disney by 12.0% in the fourth quarter. Wellspring Financial Advisors LLC now owns 2,567 shares of the entertainment giant's stock valued at $286,000 after purchasing an additional 276 shares during the period. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DIS shares. JPMorgan Chase & Co. lifted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. UBS Group raised their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Finally, Citigroup lifted their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Five 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $129.83.

Insider Activity

In other 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 transaction of $110,840.00. Following the completion of the transaction, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.

Walt Disney Price Performance

NYSE:DIS traded down $3.01 during mid-day trading on Wednesday, hitting $115.32. 21,887,708 shares of the stock traded hands, compared to its average volume of 7,550,567. The business's 50-day moving average price is $119.08 and its 200 day moving average price is $107.89. The company has a market cap of $207.31 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the business posted $1.39 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. On average, analysts expect that The Walt Disney Company will post 5.47 EPS 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.