Means Investment CO. Inc. decreased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,126 shares of the entertainment giant's stock after selling 2,847 shares during the period. Means Investment CO. Inc.'s holdings in Walt Disney were worth $1,493,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the fourth quarter worth about $27,000. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $28,000. Tacita Capital Inc raised its position in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $34,000. Institutional investors own 65.71% of the company's stock.
Insider Activity
In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on 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 sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Guggenheim lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Rosenblatt Securities boosted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Loop Capital boosted their price target 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, Barclays boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $123.96.
Check Out Our Latest Stock Report on DIS
Walt Disney Price Performance
Shares of NYSE:DIS traded up $0.13 during trading on Monday, reaching $117.76. The company had a trading volume of 8,074,333 shares, compared to its average volume of 10,106,975. The company has a fifty day moving average of $105.35 and a two-hundred day moving average of $105.74. The stock has a market capitalization of $211.70 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $120.50. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.
About Walt Disney
(
Free Report)
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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