The Walt Disney Company (NYSE:DIS) Shares Bought by Earned Wealth Advisors LLC

Key Points

• Earned Wealth Advisors LLC increased its holdings in Walt Disney by 223.3% in Q1, acquiring a total of 6,033 shares valued at $595,000 as of their recent SEC filing.
• The Walt Disney Company reported a quarterly EPS of $1.45, exceeding the consensus estimate of $1.21, with revenue rising 7.0% year-over-year to $23.62 billion.
• Analyst ratings are favorable, with 19 out of 25 analysts giving the stock a buy rating, and the average target price set at $128.70.

Earned Wealth Advisors LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 223.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,033 shares of the entertainment giant's stock after purchasing an additional 4,167 shares during the period. Earned Wealth Advisors LLC's holdings in Walt Disney were worth $595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $124,000. Resona Asset Management Co. Ltd. bought a new position in shares of Walt Disney during the fourth quarter worth about $105,957,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Walt Disney during the fourth quarter worth about $32,000. Finally, Cullen Capital Management LLC grew its position in shares of Walt Disney by 0.6% during the fourth quarter. Cullen Capital Management LLC now owns 32,177 shares of the entertainment giant's stock worth $3,583,000 after acquiring an additional 200 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS opened at $116.57 on Friday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a 50-day moving average of $118.76 and a two-hundred day moving average of $107.72. The stock has a market cap of $209.56 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.71 and a beta of 1.56. 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 announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period last year, the company posted $1.21 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DIS. Morgan Stanley upped their price target 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. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Five research 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $128.70.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by 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.

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