44 Wealth Management LLC Has $1.07 Million Position in The Walt Disney Company (NYSE:DIS)

44 Wealth Management LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 87.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,817 shares of the entertainment giant’s stock after buying an additional 5,048 shares during the quarter. 44 Wealth Management LLC’s holdings in Walt Disney were worth $1,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. GPM Growth Investors Inc. grew its holdings in shares of Walt Disney by 4.3% in the 4th quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant’s stock worth $261,000 after acquiring an additional 96 shares during the period. Waterloo Capital L.P. raised its holdings in Walt Disney by 3.2% during the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant’s stock worth $349,000 after purchasing an additional 97 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Walt Disney by 0.4% during the fourth quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant’s stock worth $2,523,000 after purchasing an additional 98 shares in the last quarter. Acorns Advisers LLC grew its holdings in Walt Disney by 2.6% in the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant’s stock valued at $426,000 after purchasing an additional 98 shares during the last quarter. Finally, Allegheny Financial Group raised its stake in shares of Walt Disney by 2.3% during the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant’s stock worth $515,000 after buying an additional 106 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS opened at $123.98 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization of $222.88 billion, a P/E ratio of 25.35, a P/E/G ratio of 1.80 and a beta of 1.56. The business’s 50-day simple moving average is $111.19 and its 200-day simple moving average is $106.29.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the firm posted $1.21 earnings per share. Walt Disney’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities 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 Walt Disney 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 transaction, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley increased their price objective 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. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Jefferies Financial Group raised Walt Disney from a “hold” rating to a “buy” rating and upped their target price for the company from $100.00 to $144.00 in a research note on Monday. Finally, Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Five equities research 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.83.

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.