The Walt Disney Company (NYSE:DIS) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 16.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,864 shares of the entertainment giant's stock after buying an additional 6,497 shares during the quarter. Diversify Wealth Management LLC's holdings in Walt Disney were worth $4,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the 4th quarter worth about $27,000. Kessler Investment Group LLC boosted its stake in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the 4th quarter worth about $32,000. Copia Wealth Management purchased a new stake in shares of Walt Disney during the 4th quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney during the 4th quarter worth about $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday. Wolfe Research upgraded 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. Morgan Stanley increased their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Rosenblatt Securities raised their target price on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and raised their target price for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $127.35.

Walt Disney Stock Performance

Shares of DIS stock traded down $1.74 during trading hours on Friday, reaching $119.82. 6,107,624 shares of the company's stock were exchanged, compared to its average volume of 10,007,504. The company has a market cap of $215.41 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. The company's 50 day moving average is $114.35 and its two-hundred day moving average is $106.65. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results 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 business 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 revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related 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 value of $110,840.00. Following the sale, the executive vice president owned 46,831 shares in the company, 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 at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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.