2,244 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Five Oceans Advisors

Five Oceans Advisors acquired a new stake in The Walt Disney Company (NYSE:DIS) during the first quarter, according to its most recent filing with the SEC. The firm acquired 2,244 shares of the entertainment giant’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bfsg LLC lifted its stake in shares of Walt Disney by 1.1% during the first quarter. Bfsg LLC now owns 48,215 shares of the entertainment giant’s stock valued at $4,759,000 after acquiring an additional 539 shares during the period. Lesa Sroufe & Co acquired a new position in Walt Disney during the 1st quarter valued at about $468,000. Lynch & Associates IN boosted its stake in shares of Walt Disney by 1.0% in the 1st quarter. Lynch & Associates IN now owns 32,199 shares of the entertainment giant’s stock valued at $3,178,000 after purchasing an additional 312 shares during the last quarter. Chicago Capital LLC grew its position in shares of Walt Disney by 76.3% during the 1st quarter. Chicago Capital LLC now owns 20,794 shares of the entertainment giant’s stock worth $2,052,000 after buying an additional 9,001 shares during the period. Finally, Inscription Capital LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $1,164,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the topic of several analyst reports. UBS Group increased their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Morgan Stanley increased their price objective 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. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Rosenblatt Securities boosted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $123.96.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

DIS opened at $119.43 on Tuesday. 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 business has a fifty day simple moving average of $102.33 and a 200 day simple moving average of $105.78. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The company has a market capitalization of $214.71 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 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.