23,283 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Victrix Investment Advisors

Victrix Investment Advisors bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, Holdings Channel reports. The firm bought 23,283 shares of the entertainment giant’s stock, valued at approximately $2,593,000. Walt Disney accounts for 1.9% of Victrix Investment Advisors’ portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Pathway Financial Advisors LLC lifted its stake in shares of Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock worth $386,000 after buying an additional 92 shares during the last quarter. Prossimo Advisors LLC raised its holdings in Walt Disney by 1.1% in the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock worth $972,000 after acquiring an additional 92 shares during the period. Onefund LLC lifted its position in Walt Disney by 2.0% during the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock worth $541,000 after acquiring an additional 93 shares during the last quarter. Abundance Wealth Counselors boosted its holdings in Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock valued at $1,076,000 after acquiring an additional 94 shares during the period. Finally, Boston Financial Mangement LLC boosted its holdings in Walt Disney by 1.5% during the fourth quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant’s stock valued at $700,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Citigroup reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Prescient Securities dropped their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Barclays increased their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Guggenheim reduced their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Six investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.54.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the firm’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 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 approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 0.9%

NYSE DIS opened at $113.26 on Monday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company has a market capitalization of $203.62 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 1.80 and a beta of 1.49. The stock’s 50 day moving average is $94.62 and its two-hundred day moving average is $104.79. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced 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 return on equity of 9.95% and a net margin of 6.07%. 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 earned $1.21 EPS. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.