The Walt Disney Company (NYSE:DIS) Shares Purchased by PDS Planning Inc

PDS Planning Inc grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 15.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,635 shares of the entertainment giant’s stock after purchasing an additional 1,160 shares during the quarter. PDS Planning Inc’s holdings in Walt Disney were worth $852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Mpwm Advisory Solutions LLC bought a new position in Walt Disney in the 4th quarter worth about $27,000. Tacita Capital Inc raised its stake in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the 4th quarter worth $32,000. Copia Wealth Management acquired a new position in shares of Walt Disney during the fourth quarter valued at $36,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at about $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of DIS stock opened at $119.53 on Thursday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $106.76 and its 200-day moving average is $105.92. The firm has a market capitalization of $214.89 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.74 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. 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 prior year, the firm posted $1.21 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 transaction, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Barclays raised their target price on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. UBS Group boosted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Guggenheim reduced their price objective 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. Finally, Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. 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 stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price 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.