The Walt Disney Company (NYSE:DIS) Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 8.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 249,670 shares of the entertainment giant's stock after acquiring an additional 20,504 shares during the period. Allworth Financial LP's holdings in Walt Disney were worth $22,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Brighton Jones LLC increased its holdings in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Walt Disney by 13.6% during the 4th quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant's stock worth $1,872,000 after purchasing an additional 2,016 shares during the last quarter. Sage Mountain Advisors LLC increased its holdings in Walt Disney by 19.1% during the 4th quarter. Sage Mountain Advisors LLC now owns 7,059 shares of the entertainment giant's stock worth $786,000 after purchasing an additional 1,134 shares during the last quarter. GC Wealth Management RIA LLC increased its holdings in shares of Walt Disney by 7.9% in the 4th quarter. GC Wealth Management RIA LLC now owns 2,938 shares of the entertainment giant's stock valued at $327,000 after acquiring an additional 214 shares during the last quarter. Finally, Natural Investments LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $454,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DIS shares. Barclays boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $127.35.

Walt Disney Trading Down 0.9%

Shares of Walt Disney stock opened at $120.75 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a market cap of $217.08 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. The business has a fifty day simple moving average of $113.74 and a 200-day simple moving average of $106.58. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates 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 was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the company'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 completion of 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 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 company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.