Williams Jones Wealth Management LLC. reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,035 shares of the entertainment giant's stock after selling 18,850 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Walt Disney were worth $14,034,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the 4th quarter valued at $28,000. Tacita Capital Inc boosted its position in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $32,000. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Citigroup restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, UBS Group upped their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.54.
Check Out Our Latest Research Report on DIS
Insider Activity
In related news, EVP Brent Woodford sold 1,000 shares of the business'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 transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company's stock.
Walt Disney Stock Performance
Shares of NYSE DIS traded up $0.62 during midday trading on Thursday, hitting $111.08. 7,899,241 shares of the company's stock were exchanged, compared to its average volume of 10,026,617. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market cap of $199.69 billion, a P/E ratio of 36.18, a PEG ratio of 1.80 and a beta of 1.49. 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 quarterly earnings data 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 during 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.
Walt Disney Company Profile
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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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