West Wealth Group LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 164.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,011 shares of the entertainment giant's stock after buying an additional 5,601 shares during the quarter. West Wealth Group LLC's holdings in Walt Disney were worth $880,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in DIS. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the 4th quarter worth about $27,000. Kessler Investment Group LLC lifted its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the 4th quarter worth approximately $32,000. Copia Wealth Management acquired a new position in Walt Disney during the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Walt Disney during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Walt Disney Stock Performance
DIS traded down $0.58 during trading on Thursday, reaching $122.36. 3,172,143 shares of the company were exchanged, compared to its average volume of 9,852,007. The stock has a market cap of $219.97 billion, a P/E ratio of 25.02, a PEG ratio of 1.77 and a beta of 1.56. The firm has a 50 day moving average of $117.61 and a 200 day moving average of $107.22. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.
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 (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the prior year, the business posted $1.21 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on DIS. Barclays upped their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Jefferies Financial Group raised 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 research 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 research report on Thursday, May 8th. UBS Group upped their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $128.13.
Get Our Latest Stock Report on Walt Disney
Insider Activity
In other 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 value of $110,840.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.16% of the company's stock.
About Walt Disney
(
Free Report)
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.
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