Stonegate Investment Group LLC Has $49.06 Million Holdings in The Walt Disney Company (NYSE:DIS)

Stonegate Investment Group LLC lifted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 497,027 shares of the entertainment giant's stock after purchasing an additional 16,877 shares during the period. Stonegate Investment Group LLC's holdings in Walt Disney were worth $49,057,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Trek Financial LLC raised its holdings in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after acquiring an additional 30,057 shares during the last quarter. Greystone Financial Group LLC increased its stake in Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after purchasing an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in Walt Disney during the fourth quarter worth about $446,000. Rheos Capital Works Inc. boosted its stake in Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after buying an additional 246,000 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in Walt Disney by 47.0% in the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant's stock valued at $5,643,000 after buying an additional 18,272 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DIS shares. Barclays increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Morgan Stanley increased their price target 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. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. UBS Group increased their target price on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Guggenheim reduced their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.96.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 0.16% of the stock is owned by insiders.

Walt Disney Stock Up 0.9%

Shares of DIS stock traded up $1.06 during trading hours on Tuesday, hitting $118.81. 8,347,364 shares of the company were exchanged, compared to its average volume of 10,098,959. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market capitalization of $213.59 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 1.72 and a beta of 1.54. The business's 50-day simple moving average is $105.35 and its two-hundred day simple moving average is $105.74.

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 for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 earnings per share. Sell-side analysts predict 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.