Waverly Advisors LLC Raises Position in The Walt Disney Company (NYSE:DIS)

Waverly Advisors LLC raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,953 shares of the entertainment giant's stock after purchasing an additional 8,136 shares during the quarter. Waverly Advisors LLC's holdings in Walt Disney were worth $4,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $28,000. Tacita Capital Inc grew its holdings in Walt Disney by 93.2% during 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 position in Walt Disney during the fourth quarter valued at $32,000. Midwest Capital Advisors LLC bought a new position in Walt Disney during the fourth quarter valued at $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Down 1.8%

Shares of NYSE:DIS opened at $110.38 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $198.44 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The stock's 50-day moving average price is $95.44 and its 200-day moving average price is $105.05.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DIS. Barclays increased their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Guggenheim cut their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Finally, Loop Capital raised their price target on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.54.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.