Farther Finance Advisors LLC Has $6.31 Million Holdings in The Walt Disney Company (NYSE:DIS)

Farther Finance Advisors LLC boosted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,619 shares of the entertainment giant's stock after acquiring an additional 3,116 shares during the period. Farther Finance Advisors LLC's holdings in Walt Disney were worth $6,312,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Walt Disney during the fourth quarter worth $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after purchasing an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $358,151,000. Finally, Boston Partners acquired a new stake in shares of Walt Disney during the fourth quarter worth $350,707,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday. Rosenblatt Securities upped their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. UBS Group upped their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Six 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.96.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

Walt Disney Stock Down 0.6%

NYSE DIS traded down $0.76 during trading hours on Friday, reaching $117.85. 13,143,189 shares of the company's stock were exchanged, compared to its average volume of 10,081,988. The company's 50-day moving average is $100.85 and its two-hundred day moving average is $105.90. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. 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 company has a market capitalization of $211.86 billion, a price-to-earnings ratio of 38.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last posted 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. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the business earned $1.21 EPS. Walt Disney's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.