Wealthspire Advisors LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Wealthspire Advisors LLC grew its position in The Walt Disney Company (NYSE:DIS) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,229 shares of the entertainment giant’s stock after acquiring an additional 128 shares during the period. Wealthspire Advisors LLC’s holdings in Walt Disney were worth $2,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Walt Disney by 0.7% during the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock worth $12,148,402,000 after acquiring an additional 994,575 shares during the period. Morgan Stanley grew its position in Walt Disney by 0.4% during the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after buying an additional 195,512 shares during the period. Trian Fund Management L.P. increased its holdings in Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after buying an additional 26,443,257 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after acquiring an additional 2,384,407 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in Walt Disney by 21.0% during the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after purchasing an additional 2,505,486 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Loop Capital increased their price target on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday. Rosenblatt Securities lifted their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Tigress Financial restated a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Evercore ISI decreased their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.46.

Walt Disney Stock Up 0.3 %

Shares of NYSE:DIS traded up $0.36 during trading on Thursday, hitting $105.80. The company’s stock had a trading volume of 14,945,125 shares, compared to its average volume of 12,135,098. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock’s 50-day moving average price is $114.48 and its two-hundred day moving average price is $101.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a market capitalization of $194.07 billion, a PE ratio of 115.00, a PEG ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 4.7 EPS for the current year.

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.