Apella Capital LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 32.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,509 shares of the entertainment giant's stock after acquiring an additional 2,319 shares during the quarter. Apella Capital LLC's holdings in Walt Disney were worth $870,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the 4th quarter worth $27,000. FPC Investment Advisory Inc. purchased a new position in Walt Disney during the 4th quarter valued at about $28,000. Tacita Capital Inc raised its position in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Walt Disney Stock Up 1.3%
Shares of NYSE:DIS traded up $1.42 during midday trading on Friday, reaching $113.95. The company had a trading volume of 5,786,189 shares, compared to its average volume of 10,016,980. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $204.85 billion, a P/E ratio of 37.12, a PEG ratio of 1.80 and a beta of 1.49. The stock's fifty day moving average price is $98.14 and its 200-day moving average price is $105.80.
Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results 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. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the 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 sale, the executive vice president now directly owns 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 Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on DIS. Barclays lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group boosted their price target on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Rosenblatt Securities increased 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. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $123.75.
Read Our Latest Research Report on DIS
Walt Disney Company Profile
(
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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