Northstar Advisory Group LLC Acquires New Stake in The Walt Disney Company (NYSE:DIS)

Northstar Advisory Group LLC bought a new stake in The Walt Disney Company (NYSE:DIS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,623 shares of the entertainment giant’s stock, valued at approximately $555,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisors LLC raised its position in shares of Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock valued at $386,000 after buying an additional 92 shares during the last quarter. Prossimo Advisors LLC grew its position in shares of Walt Disney by 1.1% in the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock valued at $972,000 after purchasing an additional 92 shares during the period. Onefund LLC boosted its stake in Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock worth $541,000 after buying an additional 93 shares during the last quarter. Boston Financial Mangement LLC increased its stake in shares of Walt Disney by 1.5% during the 4th quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant’s stock valued at $700,000 after acquiring an additional 94 shares during the last quarter. Finally, GPM Growth Investors Inc. increased its position in Walt Disney by 4.3% during the fourth quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant’s stock worth $261,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. UBS Group upped their price target on shares of 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 reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Barclays increased their target price on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Guggenheim reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $123.75.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 1.3%

DIS stock opened at $113.95 on Monday. 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 firm has a market cap of $204.85 billion, a PE ratio of 37.12, a P/E/G ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The firm has a 50 day simple moving average of $98.47 and a 200 day simple moving average of $105.70.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. Walt Disney’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.