The Walt Disney Company (NYSE:DIS) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,493 shares of the entertainment giant's stock after buying an additional 3,605 shares during the period. Independent Advisor Alliance's holdings in Walt Disney were worth $5,971,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SouthState Corp boosted its stake in shares of Walt Disney by 5.2% during the 1st quarter. SouthState Corp now owns 48,420 shares of the entertainment giant's stock worth $4,779,000 after acquiring an additional 2,384 shares in the last quarter. Nuveen LLC acquired a new position in Walt Disney in the 1st quarter worth about $1,353,607,000. Aigen Investment Management LP raised its holdings in Walt Disney by 130.8% in the 1st quarter. Aigen Investment Management LP now owns 46,730 shares of the entertainment giant's stock worth $4,612,000 after purchasing an additional 26,484 shares during the period. Cooper Financial Group boosted its position in Walt Disney by 2.5% during the first quarter. Cooper Financial Group now owns 20,897 shares of the entertainment giant's stock worth $2,063,000 after purchasing an additional 517 shares in the last quarter. Finally, Coronation Fund Managers Ltd. grew its holdings in Walt Disney by 1.1% in the first quarter. Coronation Fund Managers Ltd. now owns 189,762 shares of the entertainment giant's stock valued at $18,730,000 after purchasing an additional 1,977 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several research analyst reports. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Evercore ISI boosted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock 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. Five 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company's stock.

Walt Disney Trading Down 0.4%

DIS opened at $112.40 on Monday. The stock has a market capitalization of $202.09 billion, a PE ratio of 17.62, a P/E/G ratio of 1.62 and a beta of 1.56. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The business's 50 day moving average price is $119.16 and its 200 day moving average price is $107.98.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 EPS. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

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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