PBMares Wealth Management LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 44.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,334 shares of the entertainment giant's stock after selling 2,627 shares during the quarter. PBMares Wealth Management LLC's holdings in Walt Disney were worth $329,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Brighton Jones LLC boosted its stake in Walt Disney by 7.7% in 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 period. Fisher Funds Management LTD purchased a new stake in shares of Walt Disney during the 4th quarter worth approximately $2,240,000. Wealthspire Advisors LLC raised its holdings in shares of Walt Disney by 3.9% during the 4th quarter. Wealthspire Advisors LLC now owns 26,006 shares of the entertainment giant's stock worth $2,896,000 after acquiring an additional 974 shares in the last quarter. Howard Capital Management Inc. raised its holdings in shares of Walt Disney by 6.3% during the 4th quarter. Howard Capital Management Inc. now owns 11,479 shares of the entertainment giant's stock worth $1,278,000 after acquiring an additional 681 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Walt Disney during the 4th quarter worth approximately $1,621,000. 65.71% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
DIS has been the topic of several recent research reports. UBS Group upped their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $124.79.
Check Out Our Latest Stock Analysis on Walt Disney
Walt Disney Trading Up 0.8%
Walt Disney stock traded up $0.93 during mid-day trading on Friday, hitting $122.39. The company's stock had a trading volume of 13,368,267 shares, compared to its average volume of 10,117,870. The company has a 50 day moving average of $108.25 and a 200-day moving average of $106.02. The stock has a market cap of $220.02 billion, a PE ratio of 25.03, a P/E/G ratio of 1.78 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a one year low of $80.10 and a one year high of $122.94.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $1.21 EPS. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.
Insider Buying and Selling at Walt Disney
In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $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 accessible through this link. 0.16% of the stock is currently owned by corporate insiders.
Walt Disney Company Profile
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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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