Ping Capital Management Inc. raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 128.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,000 shares of the entertainment giant's stock after purchasing an additional 4,500 shares during the period. Ping Capital Management Inc.'s holdings in Walt Disney were worth $790,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $27,000. Kessler Investment Group LLC boosted its holdings in Walt Disney by 274.0% during 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 bought a new position in Walt Disney during the fourth quarter valued at about $32,000. Copia Wealth Management bought a new position in Walt Disney during the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney during the fourth quarter valued at about $39,000. Institutional investors own 65.71% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on DIS. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen raised Walt Disney from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Barclays raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Guggenheim raised their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Rosenblatt Securities boosted their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $128.13.
View Our Latest Stock Analysis on DIS
Walt Disney Trading Down 0.7%
Shares of DIS traded down $0.85 during mid-day trading on Friday, reaching $121.36. The company's stock had a trading volume of 9,472,100 shares, compared to its average volume of 10,005,428. The company's fifty day moving average price is $117.00 and its two-hundred day moving average price is $107.00. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a market cap of $218.17 billion, a PE ratio of 24.82, a P/E/G ratio of 1.79 and a beta of 1.56.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. The company 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 9.47% and a return on equity of 9.99%. Walt Disney's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. On average, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.
Walt Disney Profile
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Free Report)
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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