The Walt Disney Company (NYSE:DIS) Shares Bought by NorthRock Partners LLC

NorthRock Partners LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 141.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,119 shares of the entertainment giant's stock after purchasing an additional 17,068 shares during the quarter. NorthRock Partners LLC's holdings in Walt Disney were worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trek Financial LLC raised its holdings in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after purchasing an additional 30,057 shares in the last quarter. Greystone Financial Group LLC increased its holdings in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after acquiring an additional 9,967 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $446,000. Avanza Fonder AB acquired a new position in shares of Walt Disney in the 4th quarter valued at $15,125,000. Finally, Swedbank AB increased its holdings in shares of Walt Disney by 14.4% in the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant's stock valued at $374,336,000 after acquiring an additional 422,339 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DIS. Citigroup reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Prescient Securities dropped their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report 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 given a strong buy rating to the stock. According to MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Price Performance

DIS stock traded up $1.04 during trading on Friday, hitting $113.26. The stock had a trading volume of 10,940,148 shares, compared to its average volume of 10,029,360. The company's 50 day moving average price is $94.32 and its two-hundred day moving average price is $104.54. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The stock has a market cap of $203.62 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 EPS. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney 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.