Fourth Dimension Wealth LLC Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Fourth Dimension Wealth LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,366 shares of the entertainment giant’s stock after buying an additional 234 shares during the period. Fourth Dimension Wealth LLC’s holdings in Walt Disney were worth $135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. Fisher Funds Management LTD acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $2,240,000. Wealthspire Advisors LLC raised its stake in shares of Walt Disney by 3.9% in the 4th quarter. Wealthspire Advisors LLC now owns 26,006 shares of the entertainment giant’s stock valued at $2,896,000 after purchasing an additional 974 shares in the last quarter. Howard Capital Management Inc. raised its stake in shares of Walt Disney by 6.3% in the 4th quarter. Howard Capital Management Inc. now owns 11,479 shares of the entertainment giant’s stock valued at $1,278,000 after purchasing an additional 681 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $1,621,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS opened at $117.76 on Tuesday. The company has a market capitalization of $211.70 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The company’s fifty day moving average price is $105.35 and its 200 day moving average price is $105.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Barclays upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Loop Capital raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.96.

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.