Curat Global LLC Purchases Shares of 1,435 The Walt Disney Company (NYSE:DIS)

Curat Global LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,435 shares of the entertainment giant’s stock, valued at approximately $142,000.

Several other institutional investors have also recently added to or reduced their stakes in DIS. Edge Wealth Management LLC raised its position in shares of Walt Disney by 2.9% during the first quarter. Edge Wealth Management LLC now owns 72,617 shares of the entertainment giant’s stock worth $7,167,000 after purchasing an additional 2,072 shares during the period. Foster Group Inc. raised its position in shares of Walt Disney by 2.8% during the first quarter. Foster Group Inc. now owns 6,870 shares of the entertainment giant’s stock worth $678,000 after purchasing an additional 188 shares during the period. AMI Investment Management Inc. raised its position in shares of Walt Disney by 1.5% during the first quarter. AMI Investment Management Inc. now owns 36,283 shares of the entertainment giant’s stock worth $3,581,000 after purchasing an additional 539 shares during the period. Vest Financial LLC raised its position in shares of Walt Disney by 73.5% during the first quarter. Vest Financial LLC now owns 12,996 shares of the entertainment giant’s stock worth $1,283,000 after purchasing an additional 5,507 shares during the period. Finally, Oak Asset Management LLC raised its position in shares of Walt Disney by 217.0% during the first quarter. Oak Asset Management LLC now owns 16,469 shares of the entertainment giant’s stock worth $1,626,000 after purchasing an additional 11,274 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $113.95 on Friday. The business’s 50-day moving average price is $98.47 and its two-hundred day moving average price is $105.80. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The stock has a market cap of $204.85 billion, a P/E ratio of 37.12, 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 released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share 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 firm had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter last year, the firm posted $1.21 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DIS. Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. UBS Group increased their price target on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Morgan Stanley increased their price target on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Finally, Rosenblatt Securities increased their price target on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.75.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the 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 transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

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.