LS Investment Advisors LLC Purchases 3,075 Shares of The Walt Disney Company (NYSE:DIS)

LS Investment Advisors LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,696 shares of the entertainment giant’s stock after acquiring an additional 3,075 shares during the period. LS Investment Advisors LLC’s holdings in Walt Disney were worth $7,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Warren Street Wealth Advisors LLC grew its stake in Walt Disney by 35.2% in the 1st quarter. Warren Street Wealth Advisors LLC now owns 2,700 shares of the entertainment giant’s stock worth $266,000 after buying an additional 703 shares in the last quarter. Portside Wealth Group LLC grew its stake in Walt Disney by 3.9% in the 1st quarter. Portside Wealth Group LLC now owns 32,628 shares of the entertainment giant’s stock worth $3,220,000 after buying an additional 1,234 shares in the last quarter. Long Run Wealth Advisors LLC grew its stake in Walt Disney by 8.9% in the 1st quarter. Long Run Wealth Advisors LLC now owns 2,400 shares of the entertainment giant’s stock worth $237,000 after buying an additional 196 shares in the last quarter. Veracity Capital LLC grew its stake in Walt Disney by 3.0% in the 1st quarter. Veracity Capital LLC now owns 4,905 shares of the entertainment giant’s stock worth $484,000 after buying an additional 141 shares in the last quarter. Finally, Sendero Wealth Management LLC grew its stake in Walt Disney by 8.9% in the 1st quarter. Sendero Wealth Management LLC now owns 4,746 shares of the entertainment giant’s stock worth $468,000 after buying an additional 386 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.1%

Shares of DIS opened at $113.54 on Thursday. The stock has a market capitalization of $204.12 billion, a P/E ratio of 36.98, a PEG ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $97.87 and a two-hundred day simple moving average of $105.75. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63.

Walt Disney (NYSE:DIS) last announced its quarterly 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. The business had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 EPS. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction 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. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on DIS. Guggenheim cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Barclays boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Finally, UBS Group upped their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.75.

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.