Cliftonlarsonallen Wealth Advisors LLC Has $1.35 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 13,679 shares of the entertainment giant’s stock after buying an additional 629 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Walt Disney were worth $1,350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock worth $4,272,590,000 after buying an additional 809,989 shares in the last quarter. Northern Trust Corp lifted its position in Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock valued at $2,476,693,000 after purchasing an additional 2,096,431 shares during the period. Norges Bank acquired a new position in Walt Disney during the 4th quarter valued at about $2,415,427,000. Bank of New York Mellon Corp lifted its position in Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock valued at $1,878,142,000 after purchasing an additional 3,016,339 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. UBS Group upped their target price 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. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Morgan Stanley upped their price target on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given 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 target price of $123.96.

Walt Disney Trading Down 0.6%

NYSE:DIS opened at $117.85 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $120.50. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $101.58 and a two-hundred day moving average price of $105.85. The company has a market cap of $211.86 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 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 was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. As a group, analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

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.