Allen Mooney & Barnes Investment Advisors LLC Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Allen Mooney & Barnes Investment Advisors LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,743 shares of the entertainment giant’s stock after acquiring an additional 484 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Walt Disney were worth $5,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc boosted its position in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the fourth quarter worth $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney in the fourth quarter worth $34,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $119.41 on Thursday. The company has a fifty day moving average of $100.15 and a two-hundred day moving average of $105.82. The company has a market capitalization of $214.67 billion, a PE ratio of 38.90, a P/E/G ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

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, beating 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 return on equity of 9.95% and a net margin of 6.07%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS. As a group, 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 topic of several analyst reports. Rosenblatt Securities increased their price objective on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Guggenheim cut their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.96.

Walt Disney Company 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.