Victory Capital Management Inc. Buys 21,612 Shares of The Walt Disney Company (NYSE:DIS)

Victory Capital Management Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 684,271 shares of the entertainment giant's stock after buying an additional 21,612 shares during the period. Victory Capital Management Inc.'s holdings in Walt Disney were worth $67,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Walt Disney by 13.6% during the fourth quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant's stock valued at $1,872,000 after buying an additional 2,016 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Walt Disney by 2.0% in the 4th quarter. Advisors Asset Management Inc. now owns 29,980 shares of the entertainment giant's stock valued at $3,338,000 after buying an additional 596 shares in the last quarter. Brooklyn FI LLC purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $400,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Walt Disney during the fourth quarter worth $65,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and raised their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Wall Street Zen raised shares of Walt Disney from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.13.

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 transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Down 0.7%

Shares of DIS traded down $0.85 during trading on Friday, reaching $121.36. The company's stock had a trading volume of 9,472,100 shares, compared to its average volume of 10,005,427. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a market cap of $218.17 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.79 and a beta of 1.56. The company has a fifty day moving average of $116.69 and a two-hundred day moving average of $106.94.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (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 analysts' expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.