56,672 Shares in The Walt Disney Company (NYSE:DIS) Purchased by Perennial Advisors LLC

Perennial Advisors LLC acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 56,672 shares of the entertainment giant's stock, valued at approximately $6,311,000. Walt Disney comprises approximately 1.4% of Perennial Advisors LLC's holdings, making the stock its 26th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisors LLC increased its stake in Walt Disney by 2.7% in the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock valued at $386,000 after buying an additional 92 shares during the period. Prossimo Advisors LLC raised its position in shares of Walt Disney by 1.1% in the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock valued at $972,000 after purchasing an additional 92 shares during the period. Onefund LLC boosted its stake in Walt Disney by 2.0% during the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock valued at $541,000 after purchasing an additional 93 shares during the period. Abundance Wealth Counselors increased its position in Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant's stock worth $1,076,000 after acquiring an additional 94 shares during the period. Finally, Boston Financial Mangement LLC raised its position in shares of Walt Disney by 1.5% during the fourth quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant's stock valued at $700,000 after buying an additional 94 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 2.4%

DIS stock traded up $2.62 during trading on Tuesday, reaching $112.34. The company had a trading volume of 6,329,622 shares, compared to its average volume of 10,040,136. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The business has a 50 day moving average of $96.07 and a 200 day moving average of $105.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a market cap of $201.97 billion, a P/E ratio of 36.59, a PEG ratio of 1.80 and a beta of 1.49.

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, topping the consensus estimate 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 net margin of 6.07% and a return on equity of 9.95%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on DIS shares. Barclays raised their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Guggenheim reduced their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Prescient Securities lowered their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Loop Capital lifted their target price on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.

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 shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, 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 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.

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.