ProShare Advisors LLC Has $45.75 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

ProShare Advisors LLC grew its position in The Walt Disney Company (NYSE:DIS) by 25.0% during the 4th quarter, HoldingsChannel reports. The firm owned 410,836 shares of the entertainment giant’s stock after purchasing an additional 82,083 shares during the quarter. ProShare Advisors LLC’s holdings in Walt Disney were worth $45,747,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DIS. AdvisorNet Financial Inc lifted its position in Walt Disney by 19.0% in the 4th quarter. AdvisorNet Financial Inc now owns 6,426 shares of the entertainment giant’s stock valued at $716,000 after acquiring an additional 1,024 shares in the last quarter. Accurate Wealth Management LLC grew its holdings in shares of Walt Disney by 12.4% during the fourth quarter. Accurate Wealth Management LLC now owns 4,247 shares of the entertainment giant’s stock worth $461,000 after buying an additional 467 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Walt Disney by 33.8% during the fourth quarter. Kathmere Capital Management LLC now owns 4,762 shares of the entertainment giant’s stock worth $530,000 after buying an additional 1,204 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Walt Disney by 6.2% during the fourth quarter. Park Avenue Securities LLC now owns 70,226 shares of the entertainment giant’s stock worth $7,818,000 after buying an additional 4,083 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Walt Disney by 53.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,033 shares of the entertainment giant’s stock worth $449,000 after buying an additional 1,406 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS opened at $112.06 on Friday. The firm has a 50-day moving average of $94.32 and a 200-day moving average of $104.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The company has a market cap of $201.46 billion, a PE ratio of 36.50, 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 current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS 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%. Walt Disney’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Barclays lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Prescient Securities lowered their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Six 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.54.

Insider Buying and Selling

In other Walt Disney 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

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.