Mutual Advisors LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 81,934 shares of the entertainment giant's stock after selling 3,263 shares during the period. Mutual Advisors LLC's holdings in Walt Disney were worth $7,397,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC lifted its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney during the fourth quarter worth about $32,000. Copia Wealth Management bought a new position in Walt Disney during the fourth quarter valued at about $36,000. Finally, Vision Financial Markets LLC acquired a new position in Walt Disney in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Insiders Place Their Bets
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 transaction of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Barclays raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average target price of $125.83.
Read Our Latest Stock Analysis on DIS
Walt Disney Price Performance
Shares of NYSE DIS traded up $1.00 during mid-day trading on Thursday, hitting $123.98. 4,252,305 shares of the stock were exchanged, compared to its average volume of 10,037,800. The stock's fifty day simple moving average is $110.52 and its two-hundred day simple moving average is $106.21. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market cap of $222.88 billion, a P/E ratio of 25.35, a PEG ratio of 1.80 and a beta of 1.56. 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 released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating 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 firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period last year, the firm posted $1.21 EPS. The business's revenue was up 7.0% on a year-over-year basis. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
About Walt Disney
(
Free Report)
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.
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