Pathway Financial Advisers LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Pathway Financial Advisers LLC bought a new stake in The Walt Disney Company (NYSE:DIS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,060 shares of the entertainment giant’s stock, valued at approximately $130,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Stone House Investment Management LLC lifted its position in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. ESL Trust Services LLC bought a new position in Walt Disney in the 1st quarter valued at approximately $31,000. Partnership Wealth Management LLC bought a new position in shares of Walt Disney during the 4th quarter valued at $33,000. Finally, Evolution Advisers Inc. lifted its holdings in shares of Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value 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 disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DIS has been the subject of several analyst reports. UBS Group reduced their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Tuesday, May 21st. Moffett Nathanson reduced their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Argus increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Evercore ISI cut their price target on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $128.13.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $3.48 on Friday, hitting $89.57. 15,433,552 shares of the company were exchanged, compared to its average volume of 10,202,989. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The stock’s 50 day moving average price is $98.39 and its 200 day moving average price is $105.24. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $163.29 billion, a P/E ratio of 97.36, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 4.77 EPS for the current year.

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.