Perigon Wealth Management LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Perigon Wealth Management LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 82,959 shares of the entertainment giant’s stock after buying an additional 1,037 shares during the period. Perigon Wealth Management LLC’s holdings in Walt Disney were worth $8,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DIS. Brighton Jones LLC raised its position in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth about $446,000. Los Angeles Capital Management LLC raised its position in shares of Walt Disney by 117.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 29,071 shares of the entertainment giant’s stock worth $3,237,000 after acquiring an additional 15,708 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth about $195,000. Finally, Kirtland Hills Capital Management LLC raised its position in shares of Walt Disney by 15.6% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 5,765 shares of the entertainment giant’s stock worth $642,000 after acquiring an additional 780 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.7%

Walt Disney stock opened at $119.53 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. 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 cap of $214.89 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.54. The stock’s 50 day moving average price is $106.76 and its 200 day moving average price is $105.92.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share 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 the consensus estimate of $23.15 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DIS. UBS Group raised their target price on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Finally, Rosenblatt Securities lifted 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. 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.96.

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.