Franklin Street Advisors Inc. NC Acquires 7,157 Shares of The Walt Disney Company (NYSE:DIS)

Franklin Street Advisors Inc. NC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 2.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 300,024 shares of the entertainment giant’s stock after purchasing an additional 7,157 shares during the quarter. Walt Disney comprises 2.7% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 8th biggest position. Franklin Street Advisors Inc. NC’s holdings in Walt Disney were worth $36,711,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Planned Solutions Inc. bought a new position in shares of Walt Disney during the fourth quarter worth about $26,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney in the third quarter valued at approximately $30,000. Stone House Investment Management LLC lifted its position in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC acquired a new position in Walt Disney during the fourth quarter worth $33,000. 65.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a legal filing 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 value of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS traded down $0.16 during mid-day trading on Thursday, reaching $102.02. The company had a trading volume of 4,754,080 shares, compared to its average volume of 11,377,448. The company has a market capitalization of $185.99 billion, a price-to-earnings ratio of 110.87, a P/E/G ratio of 1.27 and a beta of 1.40. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company’s 50 day simple moving average is $105.23 and its 200 day simple moving average is $104.53.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period last year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 4.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DIS. UBS Group cut their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Argus raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Guggenheim upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company upped their price target on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.50.

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.