The Walt Disney Company (NYSE:DIS) Shares Bought by Marco Investment Management LLC

Marco Investment Management LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,346 shares of the entertainment giant’s stock after purchasing an additional 635 shares during the quarter. Marco Investment Management LLC’s holdings in Walt Disney were worth $6,154,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the 4th quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter valued at $26,000. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the fourth quarter worth about $32,000. Finally, Copia Wealth Management purchased a new position in Walt Disney during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.9%

Walt Disney stock opened at $120.36 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $118.13 and a two-hundred day moving average price of $107.42. The firm has a market capitalization of $216.38 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.78 and a beta of 1.56. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the firm earned $1.21 EPS. Walt Disney’s revenue was up 7.0% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share 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 shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on DIS. Jefferies Financial Group upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and upped their target price for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities boosted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Five investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.13.

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.