Mission Wealth Management LP Boosts Stake in The Walt Disney Company (NYSE:DIS)

Mission Wealth Management LP lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 9.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,808 shares of the entertainment giant's stock after purchasing an additional 2,527 shares during the quarter. Mission Wealth Management LP's holdings in Walt Disney were worth $2,843,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Miller Wealth Management LLC boosted its position in Walt Disney by 4.8% in the 1st quarter. Brown Miller Wealth Management LLC now owns 35,926 shares of the entertainment giant's stock valued at $3,546,000 after buying an additional 1,636 shares during the period. Cyndeo Wealth Partners LLC increased its holdings in shares of Walt Disney by 9.9% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 8,798 shares of the entertainment giant's stock valued at $868,000 after acquiring an additional 791 shares during the last quarter. Citadel Investment Advisory Inc. increased its holdings in shares of Walt Disney by 0.5% in the 1st quarter. Citadel Investment Advisory Inc. now owns 25,362 shares of the entertainment giant's stock valued at $2,503,000 after acquiring an additional 130 shares during the last quarter. Traphagen Investment Advisors LLC raised its position in shares of Walt Disney by 13.7% during the 1st quarter. Traphagen Investment Advisors LLC now owns 7,577 shares of the entertainment giant's stock worth $748,000 after acquiring an additional 912 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its stake in Walt Disney by 39.5% during the first quarter. Bank Pictet & Cie Europe AG now owns 8,511 shares of the entertainment giant's stock worth $840,000 after purchasing an additional 2,411 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

Walt Disney stock traded up $0.10 during mid-day trading on Wednesday, reaching $118.23. The company had a trading volume of 1,292,933 shares, compared to its average volume of 10,130,926. The stock's 50-day simple moving average is $102.86 and its 200-day simple moving average is $105.79. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. 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 company has a market capitalization of $212.55 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.75 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly 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. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. Rosenblatt Securities upped their target price 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. UBS Group boosted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Barclays upped their target price on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.96.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on 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 now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate 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.