Great Lakes Retirement Inc. Boosts Stake in The Walt Disney Company (NYSE:DIS)

Great Lakes Retirement Inc. increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,152 shares of the entertainment giant’s stock after buying an additional 726 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Walt Disney were worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc lifted its holdings in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the fourth quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in Walt Disney in the 4th quarter worth approximately $34,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $119.43 on Tuesday. 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 $214.71 billion, a PE ratio of 38.90, a P/E/G ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The company has a fifty day moving average of $102.33 and a two-hundred day moving average of $105.78.

Walt Disney (NYSE:DIS) last released its 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. The business 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 company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.21 earnings per share. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Guggenheim decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Rosenblatt Securities lifted their price objective on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Finally, Morgan Stanley upped their target price on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $123.96.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred 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 sale, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is owned by company insiders.

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.