Grantvest Financial Group LLC Increases Position in The Walt Disney Company (NYSE:DIS)

Grantvest Financial Group LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 33.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,316 shares of the entertainment giant’s stock after buying an additional 1,339 shares during the quarter. Grantvest Financial Group LLC’s holdings in Walt Disney were worth $525,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the fourth quarter valued at $27,000. Kessler Investment Group LLC boosted its holdings in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the fourth quarter valued at $32,000. Finally, Copia Wealth Management purchased a new stake in shares of Walt Disney during the 4th quarter worth about $36,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Down 0.3%

Shares of NYSE DIS opened at $119.56 on Thursday. The company has a 50 day simple moving average of $118.46 and a 200-day simple moving average of $107.59. The company has a market capitalization of $214.94 billion, a P/E ratio of 24.45, a P/E/G ratio of 1.75 and a beta of 1.56. 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 $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.21 EPS. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

DIS has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Jefferies Financial Group raised shares of Walt Disney from a “hold” rating to a “buy” rating and increased their target price for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Finally, Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.70.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred 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 owned 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

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.