Platform Technology Partners Invests $646,000 in The Walt Disney Company (NYSE:DIS)

Platform Technology Partners purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 6,546 shares of the entertainment giant's stock, valued at approximately $646,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DIS. Mpwm Advisory Solutions LLC bought a new position in Walt Disney in the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC lifted its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney in the 4th quarter worth $32,000. Copia Wealth Management acquired a new position in Walt Disney in the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $39,000. Institutional investors own 65.71% of the company's stock.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.16% of the company's stock.

Walt Disney Stock Down 1.4%

Shares of NYSE:DIS opened at $119.82 on Friday. The stock's 50-day moving average is $114.90 and its 200 day moving average is $106.70. The company has a market cap of $215.41 billion, a PE ratio of 24.50, a P/E/G ratio of 1.78 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on DIS shares. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and raised their price objective for the company from $100.00 to $144.00 in a report on Monday, June 30th. UBS Group boosted their price target on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen raised shares of Walt Disney from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $127.35.

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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