Thompson Investment Management Inc. Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Thompson Investment Management Inc. lifted its stake in The Walt Disney Company (NYSE:DIS) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,756 shares of the entertainment giant’s stock after purchasing an additional 155 shares during the period. Thompson Investment Management Inc.’s holdings in Walt Disney were worth $2,246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. Leonard Rickey Investment Advisors P.L.L.C. lifted its stake in shares of Walt Disney by 6.1% in the 1st quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,123 shares of the entertainment giant’s stock valued at $308,000 after purchasing an additional 180 shares during the period. My Legacy Advisors LLC raised its holdings in Walt Disney by 2.1% in the first quarter. My Legacy Advisors LLC now owns 11,473 shares of the entertainment giant’s stock worth $1,132,000 after purchasing an additional 240 shares in the last quarter. Alhambra Investment Management LLC lifted its position in Walt Disney by 3.5% during the first quarter. Alhambra Investment Management LLC now owns 6,028 shares of the entertainment giant’s stock valued at $595,000 after buying an additional 206 shares during the period. Assenagon Asset Management S.A. lifted its position in Walt Disney by 251.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,491,406 shares of the entertainment giant’s stock valued at $147,202,000 after buying an additional 1,067,299 shares during the period. Finally, Integrated Advisors Network LLC boosted its holdings in shares of Walt Disney by 0.7% during the 1st quarter. Integrated Advisors Network LLC now owns 21,228 shares of the entertainment giant’s stock valued at $2,095,000 after buying an additional 139 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

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 on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

DIS opened at $118.76 on Wednesday. The company’s 50-day simple moving average is $99.43 and its two-hundred day simple moving average is $105.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market capitalization of $213.49 billion, a P/E ratio of 38.68, a P/E/G ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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. The firm had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. As a group, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Guggenheim decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Loop Capital lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group boosted their price target on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.96.

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.