The Walt Disney Company (NYSE:DIS) Stock Position Raised by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 1.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 149,714 shares of the entertainment giant’s stock after buying an additional 2,452 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Walt Disney were worth $14,777,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney during the fourth quarter valued at approximately $27,000. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the 4th quarter worth about $28,000. Tacita Capital Inc raised its holdings in Walt Disney by 93.2% in 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 stake in Walt Disney during the fourth quarter worth $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 1.3%

Shares of NYSE:DIS opened at $113.95 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company’s 50-day moving average price is $98.47 and its two-hundred day moving average price is $105.70. The stock has a market capitalization of $204.85 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63.

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, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business earned $1.21 EPS. Walt Disney’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DIS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Barclays boosted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report 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. Guggenheim decreased their target price on 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 $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.75.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by corporate 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.