Stonegate Investment Group LLC Purchases 16,877 Shares of The Walt Disney Company (NYSE:DIS)

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trek Financial LLC increased its position in shares of Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after purchasing an additional 30,057 shares during the last quarter. Greystone Financial Group LLC increased its position in shares of Walt Disney by 13.3% during the 4th 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 stake in shares of Walt Disney during the 4th quarter valued at about $446,000. Rheos Capital Works Inc. increased its position in shares of Walt Disney by 164.7% during the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after purchasing an additional 246,000 shares during the last quarter. Finally, Merit Financial Group LLC increased 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 worth $5,643,000 after acquiring an additional 18,272 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

DIS traded down $0.25 during trading on Friday, reaching $117.61. 17,150,479 shares of the company traded hands, compared to its average volume of 10,113,022. 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 company has a market cap of $211.44 billion, a P/E ratio of 24.05, a PEG ratio of 1.72 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $120.50. The firm has a fifty day simple moving average of $104.69 and a 200 day simple moving average of $105.80.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 EPS. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DIS. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. UBS Group increased their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays increased their target price 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. Finally, Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Six equities 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $123.96.

Insider Activity

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

Walt Disney 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.