The Walt Disney Company (NYSE:DIS) Shares Purchased by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC raised its position in The Walt Disney Company (NYSE:DIS) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,185 shares of the entertainment giant’s stock after acquiring an additional 317 shares during the quarter. Petredis Investment Advisors LLC’s holdings in Walt Disney were worth $2,387,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DIS. Trek Financial LLC increased its stake in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after buying an additional 30,057 shares during the period. Greystone Financial Group LLC grew its stake in shares of Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after acquiring an additional 9,967 shares in the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth $446,000. Merit Financial Group LLC increased its position in shares of 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 acquiring an additional 18,272 shares during the period. Finally, Alecta Tjanstepension Omsesidigt raised its stake in shares of Walt Disney by 2.9% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant’s stock valued at $397,667,000 after acquiring an additional 100,000 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the business’s 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 transaction, the executive vice president now owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by insiders.

Walt Disney Stock Up 1.6%

Shares of NYSE:DIS opened at $115.72 on Tuesday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. 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 stock has a market cap of $208.03 billion, a P/E ratio of 37.69, a P/E/G ratio of 1.80 and a beta of 1.54. The firm has a fifty day moving average price of $98.83 and a 200 day moving average price of $105.70.

Walt Disney (NYSE:DIS) last announced 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. The business had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DIS shares. Guggenheim decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Finally, Rosenblatt Securities raised their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.75.

Walt Disney 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.