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

Petredis Investment Advisors LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,185 shares of the entertainment giant’s stock after purchasing an additional 317 shares during the period. Petredis Investment Advisors LLC’s holdings in Walt Disney were worth $2,387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanibel Captiva Trust Company Inc. lifted its holdings in Walt Disney by 0.7% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 224,167 shares of the entertainment giant’s stock valued at $22,125,000 after acquiring an additional 1,459 shares during the period. Sonora Investment Management Group LLC grew its stake in shares of Walt Disney by 5.2% during the 1st quarter. Sonora Investment Management Group LLC now owns 90,111 shares of the entertainment giant’s stock worth $8,894,000 after purchasing an additional 4,420 shares during the period. Fiduciary Financial Group LLC increased its holdings in shares of Walt Disney by 45.2% in the 1st quarter. Fiduciary Financial Group LLC now owns 4,032 shares of the entertainment giant’s stock valued at $398,000 after purchasing an additional 1,255 shares in the last quarter. Simplicity Wealth LLC lifted its stake in shares of Walt Disney by 252.6% in the first quarter. Simplicity Wealth LLC now owns 17,138 shares of the entertainment giant’s stock valued at $1,691,000 after purchasing an additional 12,278 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Walt Disney by 8.1% during the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after buying an additional 1,856 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated 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 directly owns 46,831 shares of the company’s stock, 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 at this link. 0.16% of the stock is owned by company insiders.

Walt Disney Trading Up 1.6%

Shares of Walt Disney stock opened at $115.72 on Tuesday. The firm has a market cap of $208.03 billion, a PE ratio of 37.69, a P/E/G ratio of 1.80 and a beta of 1.54. The business’s fifty day moving average is $98.83 and its two-hundred day moving average is $105.70. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DIS shares. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a report on Monday, April 21st. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Rosenblatt Securities upped their target price on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Six investment 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.75.

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.