Clarius Group LLC Raises Stake in The Walt Disney Company (NYSE:DIS)

Clarius Group LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 9.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,285 shares of the entertainment giant’s stock after purchasing an additional 1,105 shares during the quarter. Clarius Group LLC’s holdings in Walt Disney were worth $1,213,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares during the period. Pittenger & Anderson Inc. grew its stake in shares of Walt Disney by 50.3% in the fourth quarter. Pittenger & Anderson Inc. now owns 598 shares of the entertainment giant’s stock valued at $67,000 after buying an additional 200 shares in the last quarter. Citizens & Northern Corp raised its holdings in shares of Walt Disney by 2.6% during the 4th quarter. Citizens & Northern Corp now owns 11,742 shares of the entertainment giant’s stock valued at $1,307,000 after buying an additional 299 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Walt Disney by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 276,399 shares of the entertainment giant’s stock valued at $30,777,000 after buying an additional 5,100 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Walt Disney by 14.2% during the 4th quarter. Venturi Wealth Management LLC now owns 7,512 shares of the entertainment giant’s stock worth $836,000 after acquiring an additional 932 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $118.18 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $212.46 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $120.50. The business has a 50 day simple moving average of $102.86 and a 200-day simple moving average of $105.79.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Barclays increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. UBS Group upped their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Guggenheim lowered their target price 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. Six 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.96.

Insider Buying and Selling

In related 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 transaction of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.

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.