Putney Financial Group LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,832 shares of the entertainment giant's stock, valued at approximately $427,000.
Other large investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. bought a new stake in Walt Disney in the fourth quarter valued at about $28,000. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the fourth quarter valued at about $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in Walt Disney in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Wall Street Analysts Forecast Growth
DIS has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 8th. UBS Group upped their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Barclays increased their price target on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Guggenheim lowered their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target of $123.54.
Get Our Latest Analysis on Walt Disney
Walt Disney Stock Down 0.7%
NYSE DIS traded down $0.81 during trading hours on Wednesday, hitting $111.55. 5,775,624 shares of the company traded hands, compared to its average volume of 10,026,330. The business's 50-day moving average is $96.34 and its 200-day moving average is $105.46. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market capitalization of $200.54 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 1.80 and a beta of 1.49.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The business'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 year.
Insider Activity
In other news, EVP Brent Woodford sold 1,000 shares of the firm'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 value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.
Walt Disney Profile
(
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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