Prodigy Asset Management LLC Purchases Shares of 2,670 The Walt Disney Company (NYSE:DIS)

Prodigy Asset Management LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,670 shares of the entertainment giant's stock, valued at approximately $297,000. Walt Disney comprises 0.3% of Prodigy Asset Management LLC's portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Tacita Capital Inc lifted its stake in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the fourth quarter worth $32,000. Midwest Capital Advisors LLC purchased a new stake in Walt Disney in the fourth quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney in the fourth quarter worth $35,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. 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 report on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Citigroup reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Guggenheim lowered their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.

Walt Disney Trading Up 0.8%

Walt Disney stock opened at $112.32 on Thursday. The business has a 50-day simple moving average of $94.14 and a two-hundred day simple moving average of $104.49. The company has a market cap of $201.92 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

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, beating analysts' consensus estimates 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 return on equity of 9.95% and a net margin of 6.07%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity at Walt Disney

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 completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Company 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.

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