The Walt Disney Company (NYSE:DIS) Shares Purchased by West Wealth Group LLC

West Wealth Group LLC increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 164.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,011 shares of the entertainment giant's stock after purchasing an additional 5,601 shares during the period. West Wealth Group LLC's holdings in Walt Disney were worth $880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Geode Capital Management LLC lifted its position in Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after acquiring an additional 809,989 shares during the last quarter. Northern Trust Corp lifted its position in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares during the last quarter. Norges Bank purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $2,415,427,000. Bank of New York Mellon Corp raised its holdings in shares of Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after buying an additional 3,016,339 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Transactions at Walt Disney

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 sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This 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 the SEC website. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and upped their target price for the company from $100.00 to $144.00 in a report on Monday, June 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Finally, UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $128.13.

Walt Disney Price Performance

Walt Disney stock traded up $0.45 during mid-day trading on Tuesday, reaching $121.29. The company had a trading volume of 5,605,165 shares, compared to its average volume of 9,976,312. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The company has a market capitalization of $218.05 billion, a P/E ratio of 24.80, a P/E/G ratio of 1.78 and a beta of 1.56. The stock's 50-day simple moving average is $117.00 and its 200-day simple moving average is $106.95.

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, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period last year, the company posted $1.21 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current 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.