The Walt Disney Company (NYSE:DIS) Shares Bought by Wealthspire Advisors LLC

Key Points

• Wealthspire Advisors LLC increased its stake in The Walt Disney Company by 136.7% in the first quarter, acquiring an additional 35,542 shares and bringing their total holding to 61,548 shares worth approximately $6.07 million.
• Walt Disney's stock is currently valued at approximately $118.67 and reported earnings of $1.45 per share, exceeding analysts' expectations of $1.21 per share for the last quarter.
• Several analysts have recently raised their price targets for Disney shares, with Barclays increasing their target to $140 and assigning an "overweight" rating, indicating strong growth potential.

Wealthspire Advisors LLC lifted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 136.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,548 shares of the entertainment giant's stock after purchasing an additional 35,542 shares during the quarter. Wealthspire Advisors LLC's holdings in Walt Disney were worth $6,075,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Waterloo Capital L.P. grew its stake in Walt Disney by 3.2% during the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after buying an additional 97 shares during the last quarter. Acorns Advisers LLC lifted its stake in Walt Disney by 2.6% in the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after buying an additional 98 shares during the last quarter. Clearstead Trust LLC boosted its holdings in shares of Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after acquiring an additional 99 shares during the period. Allegheny Financial Group grew its position in shares of Walt Disney by 2.3% during the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after acquiring an additional 106 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after acquiring an additional 113 shares during the period. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Rosenblatt Securities increased their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Citigroup upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Barclays raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Finally, Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.83.

Walt Disney Price Performance

DIS stock traded down $2.28 during trading on Thursday, reaching $112.89. 15,471,053 shares of the company were exchanged, compared to its average volume of 8,322,005. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 0.72. The stock's 50 day moving average price is $119.18 and its 200 day moving average price is $107.98. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a market cap of $202.94 billion, a P/E ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 EPS. As a group, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred 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 owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

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.