Maridea Wealth Management LLC Raises Stake in The Walt Disney Company (NYSE:DIS)

Maridea Wealth Management LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 18.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,179 shares of the entertainment giant’s stock after buying an additional 1,927 shares during the quarter. Maridea Wealth Management LLC’s holdings in Walt Disney were worth $1,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DIS. Brighton Jones LLC raised its stake in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in Walt Disney by 30,487.1% in the 4th quarter. New Age Alpha Advisors LLC now owns 25,999 shares of the entertainment giant’s stock valued at $2,895,000 after purchasing an additional 25,914 shares during the last quarter. RiverFront Investment Group LLC raised its stake in Walt Disney by 17.1% in the 4th quarter. RiverFront Investment Group LLC now owns 6,851 shares of the entertainment giant’s stock valued at $763,000 after purchasing an additional 1,002 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Walt Disney by 0.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 41,386 shares of the entertainment giant’s stock valued at $4,608,000 after purchasing an additional 202 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated 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 owned 46,831 shares of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company 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 report on Thursday, May 8th. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Finally, Jefferies Financial Group upgraded Walt Disney from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $144.00 in a report on Monday, June 30th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.13.

Walt Disney Price Performance

Shares of NYSE DIS opened at $121.44 on Monday. The firm has a market capitalization of $218.32 billion, a PE ratio of 24.83, a P/E/G ratio of 1.78 and a beta of 1.56. 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 business’s fifty day moving average price is $117.97 and its two-hundred day moving average price is $107.34.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

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.