Putney Financial Group LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Putney Financial Group LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,832 shares of the entertainment giant's stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. Secure Asset Management LLC lifted its holdings in shares of Walt Disney by 24.4% during the fourth quarter. Secure Asset Management LLC now owns 5,020 shares of the entertainment giant's stock valued at $559,000 after purchasing an additional 985 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Patriot Investment Management Group Inc. acquired a new position in Walt Disney during the fourth quarter valued at $209,000. CX Institutional raised its position in Walt Disney by 15.2% during the fourth quarter. CX Institutional now owns 9,272 shares of the entertainment giant's stock valued at $1,032,000 after buying an additional 1,222 shares during the period. Finally, Eclectic Associates Inc. ADV raised its position in Walt Disney by 10.8% during the fourth quarter. Eclectic Associates Inc. ADV now owns 8,313 shares of the entertainment giant's stock valued at $926,000 after buying an additional 811 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Walt Disney stock traded up $2.60 during mid-day trading on Tuesday, reaching $112.32. The company's stock had a trading volume of 10,190,521 shares, compared to its average volume of 10,043,331. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a market capitalization of $201.92 billion, a P/E ratio of 36.59, a PEG ratio of 1.80 and a beta of 1.49. 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 firm's fifty day moving average price is $96.07 and its two-hundred day moving average price is $105.37.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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 net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the firm earned $1.21 EPS. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Morgan Stanley upped their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Prescient Securities dropped their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Guggenheim dropped their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research note on Monday, April 21st. Finally, Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.54.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company's stock.

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.