Live Oak Private Wealth LLC Increases Holdings in The Walt Disney Company (NYSE:DIS)

Live Oak Private Wealth LLC grew its position in The Walt Disney Company (NYSE:DIS) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,170 shares of the entertainment giant’s stock after buying an additional 4,071 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Walt Disney were worth $7,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trek Financial LLC increased its position in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after purchasing an additional 30,057 shares during the period. FourThought Financial Partners LLC purchased a new position in Walt Disney during the fourth quarter valued at approximately $446,000. Rheos Capital Works Inc. raised its stake in Walt Disney by 164.7% in the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant’s stock worth $39,026,000 after buying an additional 246,000 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Walt Disney by 47.0% during the first quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant’s stock worth $5,643,000 after buying an additional 18,272 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Walt Disney by 5.1% during the first quarter. Farther Finance Advisors LLC now owns 64,619 shares of the entertainment giant’s stock worth $6,312,000 after buying an additional 3,116 shares during the period. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Barclays boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.96.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Down 0.2%

Walt Disney stock opened at $117.61 on Monday. The business’s 50-day simple moving average is $104.69 and its two-hundred day simple moving average is $105.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The company has a market cap of $211.44 billion, a PE ratio of 24.05, a PEG ratio of 1.72 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the firm earned $1.21 earnings per share. Walt Disney’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts anticipate 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.