OneAscent Financial Services LLC Buys 13,852 Shares of The Walt Disney Company (NYSE:DIS)

OneAscent Financial Services LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 113.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,078 shares of the entertainment giant's stock after purchasing an additional 13,852 shares during the period. OneAscent Financial Services LLC's holdings in Walt Disney were worth $2,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney in the 4th quarter worth $27,000. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the 4th quarter worth $32,000. Copia Wealth Management purchased a new position in Walt Disney in the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Walt Disney in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DIS. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and increased their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. UBS Group increased their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $128.13.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated 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 approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

NYSE:DIS opened at $121.36 on Friday. The company has a fifty day simple moving average of $117.00 and a two-hundred day simple moving average of $106.97. The company has a market cap of $218.17 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.78 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 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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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