The Walt Disney Company (NYSE:DIS) Shares Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 37.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,181 shares of the entertainment giant's stock after acquiring an additional 6,640 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Walt Disney were worth $2,387,000 at the end of the most recent reporting period.

A number of other hedge funds 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 approximately $27,000. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the 4th quarter worth approximately $28,000. Tacita Capital Inc lifted its holdings in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the 4th quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $34,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 1.3%

Shares of DIS traded up $1.42 during midday trading on Friday, reaching $113.95. 5,786,189 shares of the stock were exchanged, compared to its average volume of 10,031,892. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company's 50 day moving average is $98.47 and its two-hundred day moving average is $105.76. The company has a market capitalization of $204.85 billion, a P/E ratio of 37.12, a PEG ratio of 1.80 and a beta of 1.54.

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 (EPS) 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 the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.21 EPS. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DIS shares. Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays upped 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. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. UBS Group boosted their target price on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $123.75.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was 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 now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company 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.