Noesis Capital Mangement Corp Has $8.29 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Noesis Capital Mangement Corp increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,939 shares of the entertainment giant's stock after purchasing an additional 4,882 shares during the period. Walt Disney makes up 1.6% of Noesis Capital Mangement Corp's portfolio, making the stock its 25th biggest position. Noesis Capital Mangement Corp's holdings in Walt Disney were worth $8,285,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter worth $27,000. Kessler Investment Group LLC grew its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter worth $32,000. Copia Wealth Management acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DIS shares. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Guggenheim raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Rosenblatt Securities raised their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and raised their price objective for the company from $100.00 to $144.00 in a research note on Monday, June 30th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $128.13.

Walt Disney Stock Down 0.4%

DIS stock traded down $0.51 during midday trading on Friday, hitting $121.44. The company's stock had a trading volume of 5,587,104 shares, compared to its average volume of 7,479,350. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company's fifty day moving average price is $117.97 and its 200 day moving average price is $107.35. The stock has a market capitalization of $218.32 billion, a P/E ratio of 24.83, a PEG ratio of 1.78 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating 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%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.