Perpetual Ltd Has $326,000 Position in The Walt Disney Company (NYSE:DIS)

Perpetual Ltd lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 57.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,300 shares of the entertainment giant's stock after selling 4,530 shares during the quarter. Perpetual Ltd's holdings in Walt Disney were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Brighton Jones LLC increased its stake in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the period. NewEdge Wealth LLC increased its position in Walt Disney by 14.0% during the 4th quarter. NewEdge Wealth LLC now owns 15,708 shares of the entertainment giant's stock valued at $1,749,000 after purchasing an additional 1,926 shares during the period. Linscomb Wealth Inc. acquired a new stake in Walt Disney during the 4th quarter valued at approximately $236,000. Parkside Financial Bank & Trust increased its position in Walt Disney by 2.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,447 shares of the entertainment giant's stock valued at $718,000 after purchasing an additional 133 shares during the period. Finally, Dynasty Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter valued at approximately $1,069,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of DIS opened at $122.39 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $122.94. The business's fifty day moving average is $108.25 and its 200 day moving average is $105.96. 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 stock has a market cap of $220.02 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.79 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last issued its 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. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same period last year, the business earned $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents 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. Company insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. UBS Group increased their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $124.79.

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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