Tobam boosted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 49.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,654 shares of the entertainment giant's stock after purchasing an additional 2,207 shares during the quarter. Tobam's holdings in Walt Disney were worth $657,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the 4th quarter worth about $27,000. FPC Investment Advisory Inc. acquired a new position in Walt Disney in the fourth quarter valued at approximately $28,000. Tacita Capital Inc boosted 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 in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the fourth quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Insider Activity at Walt Disney
In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company'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 transaction of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have issued reports on DIS shares. Guggenheim dropped their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays boosted their price target on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Six 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 stock. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $123.96.
View Our Latest Research Report on Walt Disney
Walt Disney Price Performance
DIS traded up $1.49 during midday trading on Monday, hitting $119.43. The company had a trading volume of 9,319,021 shares, compared to its average volume of 10,091,770. 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 50-day simple moving average is $101.58 and its 200-day simple moving average is $105.77. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $120.50. The company has a market capitalization of $214.71 billion, a PE ratio of 38.90, a P/E/G ratio of 1.80 and a beta of 1.54.
Walt Disney (NYSE:DIS - Get Free Report) last announced 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. 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 previous year, the business posted $1.21 EPS. The company's quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Walt Disney Profile
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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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