44 Wealth Management LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

44 Wealth Management LLC boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 87.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,817 shares of the entertainment giant's stock after buying an additional 5,048 shares during the quarter. 44 Wealth Management LLC's holdings in Walt Disney were worth $1,068,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DIS. GPM Growth Investors Inc. increased its position in shares of Walt Disney by 4.3% during the fourth quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant's stock valued at $261,000 after acquiring an additional 96 shares in the last quarter. Waterloo Capital L.P. lifted its position in Walt Disney by 3.2% in the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after acquiring an additional 97 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Walt Disney by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after purchasing an additional 98 shares during the last quarter. Acorns Advisers LLC boosted its stake in Walt Disney by 2.6% during the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after purchasing an additional 98 shares during the last quarter. Finally, Allegheny Financial Group increased its holdings in shares of Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DIS shares. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and upped their target price for the company from $100.00 to $144.00 in a research note on Monday. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $125.83.

Walt Disney Trading Up 0.8%

DIS stock traded up $1.00 during trading on Friday, reaching $123.98. 4,252,305 shares of the stock were exchanged, compared to its average volume of 10,037,800. The business has a 50 day moving average price of $111.19 and a 200-day moving average price of $106.29. The firm has a market capitalization of $222.88 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 1.81 and a beta of 1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data 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 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% on a year-over-year basis. During the same period last year, the company earned $1.21 EPS. On average, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.