Allworth Financial LP Acquires 20,504 Shares of The Walt Disney Company (NYSE:DIS)

Allworth Financial LP increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 249,670 shares of the entertainment giant's stock after purchasing an additional 20,504 shares during the quarter. Allworth Financial LP's holdings in Walt Disney were worth $22,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the 4th quarter valued at about $27,000. Kessler Investment Group LLC lifted its stake in 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 4th quarter valued at approximately $32,000. Copia Wealth Management bought a new stake in shares of Walt Disney during the 4th quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney in the fourth quarter valued at about $39,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 1.0%

DIS stock traded down $1.17 during midday trading on Friday, hitting $120.39. The company had a trading volume of 3,308,063 shares, compared to its average volume of 9,986,424. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The stock's 50 day moving average price is $114.35 and its 200 day moving average price is $106.65. The stock has a market cap of $216.43 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.76 and a beta of 1.56.

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 the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated 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 directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIS. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. UBS Group increased their target price on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Rosenblatt Securities upped their price objective on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and upped 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, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $127.35.

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.