Nvest Financial LLC Purchases Shares of 2,100 The Walt Disney Company (NYSE:DIS)

Nvest Financial LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,100 shares of the entertainment giant's stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its holdings in shares of Walt Disney by 41.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 407,670 shares of the entertainment giant's stock valued at $40,237,000 after buying an additional 118,989 shares in the last quarter. Perigon Wealth Management LLC grew its position in Walt Disney by 1.3% during the first quarter. Perigon Wealth Management LLC now owns 82,959 shares of the entertainment giant's stock valued at $8,188,000 after purchasing an additional 1,037 shares in the last quarter. Omnia Family Wealth LLC increased its stake in Walt Disney by 3.3% in the 1st quarter. Omnia Family Wealth LLC now owns 14,451 shares of the entertainment giant's stock valued at $1,426,000 after buying an additional 466 shares during the period. New World Advisors LLC increased its stake in Walt Disney by 26.7% in the 1st quarter. New World Advisors LLC now owns 4,751 shares of the entertainment giant's stock valued at $469,000 after buying an additional 1,001 shares during the period. Finally, Tyche Wealth Partners LLC lifted its position in Walt Disney by 11.0% in the 1st quarter. Tyche Wealth Partners LLC now owns 6,133 shares of the entertainment giant's stock worth $605,000 after buying an additional 608 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on DIS. Guggenheim lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Rosenblatt Securities boosted their target price on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Barclays increased their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group lifted their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Six equities research 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, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $123.96.

Walt Disney Trading Up 0.7%

Shares of DIS opened at $119.53 on Thursday. The stock's 50-day moving average price is $106.76 and its 200 day moving average price is $105.92. 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 firm has a market capitalization of $214.89 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.74 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $120.50.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.

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.

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