The Walt Disney Company (NYSE:DIS) Shares Bought by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 167.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,719 shares of the entertainment giant's stock after buying an additional 6,085 shares during the quarter. Shulman DeMeo Asset Management LLC's holdings in Walt Disney were worth $959,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Walt Disney during the 4th quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares in the last quarter. Jennison Associates LLC grew its stake in Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Walt Disney in the 4th quarter worth about $358,151,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the topic of a number of research analyst reports. Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Rosenblatt Securities upped their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday. Guggenheim dropped their target price on shares of 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, Barclays upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.75.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $0.27 during midday trading on Thursday, reaching $113.76. The company had a trading volume of 3,968,560 shares, compared to its average volume of 10,020,964. The business's 50-day simple moving average is $97.87 and its 200 day simple moving average is $105.75. The stock has a market cap of $204.51 billion, a P/E ratio of 37.06, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

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

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company's stock.

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.