North Capital Inc. Invests $303,000 in The Walt Disney Company (NYSE:DIS)

North Capital Inc. bought a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,067 shares of the entertainment giant's stock, valued at approximately $303,000.

Several other hedge funds also recently made changes to their positions in the stock. Summit Place Financial Advisors LLC increased its stake in shares of Walt Disney by 2.7% in the first quarter. Summit Place Financial Advisors LLC now owns 33,168 shares of the entertainment giant's stock worth $3,274,000 after purchasing an additional 859 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Walt Disney by 4.8% during the first quarter. D.A. Davidson & CO. now owns 289,702 shares of the entertainment giant's stock worth $28,594,000 after buying an additional 13,303 shares during the period. Xcel Wealth Management LLC raised its stake in Walt Disney by 17.9% during the 1st quarter. Xcel Wealth Management LLC now owns 42,109 shares of the entertainment giant's stock worth $4,156,000 after acquiring an additional 6,397 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares during the period. Finally, Capital Investment Counsel Inc boosted its position in shares of Walt Disney by 3.7% in the first quarter. Capital Investment Counsel Inc now owns 40,896 shares of the entertainment giant's stock worth $4,036,000 after acquiring an additional 1,478 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group boosted their target price on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $144.00 in a report on Monday. Morgan Stanley increased their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Rosenblatt Securities boosted 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. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Five 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 company. According to data from MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $125.83.

Walt Disney Stock Down 0.4%

DIS stock opened at $122.98 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization of $221.09 billion, a PE ratio of 25.15, a PEG ratio of 1.81 and a beta of 1.56. The business's 50 day simple moving average is $110.52 and its 200 day simple moving average is $106.21.

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 for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $1.21 earnings per share. The company's revenue was up 7.0% on a year-over-year basis. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.16% of the company's stock.

Walt Disney Company 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.

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