Putney Financial Group LLC Purchases Shares of 3,832 The Walt Disney Company (NYSE:DIS)

Putney Financial Group LLC acquired a new position in The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,832 shares of the entertainment giant's stock, valued at approximately $427,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Aurdan Capital Management LLC acquired a new position in Walt Disney during the fourth quarter worth about $4,217,000. Perennial Advisors LLC purchased a new position in Walt Disney in the 4th quarter worth about $6,311,000. Vermillion Wealth Management Inc. purchased a new position in Walt Disney in the 4th quarter worth about $39,000. Mackenzie Financial Corp increased its stake in Walt Disney by 25.6% in the 4th quarter. Mackenzie Financial Corp now owns 507,142 shares of the entertainment giant's stock worth $56,470,000 after purchasing an additional 103,217 shares in the last quarter. Finally, Forum Financial Management LP increased its stake in Walt Disney by 31.0% in the 4th quarter. Forum Financial Management LP now owns 32,003 shares of the entertainment giant's stock worth $3,564,000 after purchasing an additional 7,565 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on DIS shares. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Barclays lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Guggenheim lowered their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Six 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Stock Performance

Shares of DIS traded down $0.21 on Thursday, reaching $111.31. 2,248,203 shares of the stock traded hands, compared to its average volume of 10,004,998. The firm has a market cap of $200.11 billion, a price-to-earnings ratio of 36.25, a P/E/G ratio of 1.80 and a beta of 1.49. 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 Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The stock's 50-day moving average price is $96.59 and its 200-day moving average price is $105.50.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 earnings per share. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.