Wealth Enhancement Advisory Services LLC Buys 219,549 Shares of The Walt Disney Company (NYSE:DIS)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 20.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,309,347 shares of the entertainment giant's stock after buying an additional 219,549 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.07% of Walt Disney worth $145,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Brighton Jones LLC grew its holdings in Walt Disney by 7.7% in the fourth 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. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Walt Disney by 5.4% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 18,129 shares of the entertainment giant's stock worth $2,019,000 after purchasing an additional 923 shares during the period. Strategic Investment Advisors MI purchased a new stake in Walt Disney in the fourth quarter worth about $382,000. Blue Trust Inc. grew its holdings in Walt Disney by 12.3% in the fourth quarter. Blue Trust Inc. now owns 21,350 shares of the entertainment giant's stock worth $2,377,000 after purchasing an additional 2,346 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Walt Disney in the fourth quarter worth about $1,621,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Barclays upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Finally, Loop Capital upped their target price 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 given 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 target price of $123.54.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

DIS traded up $0.45 during trading on Thursday, hitting $111.97. The company's stock had a trading volume of 9,679,413 shares, compared to its average volume of 10,044,458. 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 market cap of $201.30 billion, a PE ratio of 36.47, a P/E/G ratio of 1.80 and a beta of 1.49. The business's 50 day simple moving average is $96.59 and its 200-day simple moving average is $105.50.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company'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. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company Profile

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.