Trace Wealth Advisors LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,562 shares of the entertainment giant's stock, valued at approximately $397,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the 4th quarter valued at approximately $28,000. Tacita Capital Inc raised its holdings in 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 acquiring an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney during the 4th quarter valued at $32,000. Midwest Capital Advisors LLC acquired a new position in Walt Disney during the 4th quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in Walt Disney during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Analysts Set New Price Targets
DIS has been the topic of a number of recent analyst reports. Prescient Securities cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Rosenblatt Securities restated a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Morgan Stanley increased their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Finally, Citigroup reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.
Read Our Latest Stock Analysis on Walt Disney
Walt Disney Stock Performance
Walt Disney stock traded down $0.36 during mid-day trading on Tuesday, hitting $112.30. 6,429,428 shares of the company's stock traded hands, compared to its average volume of 10,023,839. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The firm has a 50 day moving average price of $94.90 and a 200 day moving average price of $104.90. The company has a market cap of $201.89 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.
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, beating analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.
Insiders Place Their Bets
In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 46,831 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 0.16% of the stock is owned by insiders.
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.
Recommended Stories
Before you consider Walt Disney, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walt Disney wasn't on the list.
While Walt Disney currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
