Leigh Baldwin & CO. LLC Acquires Shares of 4,886 The Walt Disney Company (NYSE:DIS)

Leigh Baldwin & CO. LLC bought a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,886 shares of the entertainment giant’s stock, valued at approximately $544,000.

A number of other institutional investors also recently modified their holdings of the stock. Trek Financial LLC grew its holdings in shares of Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after acquiring an additional 30,057 shares in the last quarter. Greystone Financial Group LLC raised its stake in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares in the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth about $446,000. Swedbank AB raised its stake in shares of Walt Disney by 14.4% during the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock worth $374,336,000 after purchasing an additional 422,339 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its stake in shares of Walt Disney by 2.9% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant’s stock worth $397,667,000 after purchasing an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIS. Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. The Goldman Sachs Group boosted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Guggenheim cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.54.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $109.73 on Friday. The business has a 50 day moving average price of $95.89 and a 200 day moving average price of $105.25. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company has a market cap of $197.27 billion, a price-to-earnings ratio of 35.74, 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.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Walt Disney’s revenue was up 7.0% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.16% of the stock is owned by corporate 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.