Waters Parkerson & CO. LLC Grows Stake in The Walt Disney Company (NYSE:DIS)

Waters Parkerson & CO. LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 242,318 shares of the entertainment giant’s stock after purchasing an additional 2,724 shares during the quarter. Walt Disney comprises about 1.4% of Waters Parkerson & CO. LLC’s portfolio, making the stock its 25th biggest position. Waters Parkerson & CO. LLC’s holdings in Walt Disney were worth $26,982,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Merit Financial Group LLC increased its holdings in shares of Walt Disney by 18.1% in the 4th quarter. Merit Financial Group LLC now owns 38,900 shares of the entertainment giant’s stock valued at $4,331,000 after acquiring an additional 5,955 shares during the period. HB Wealth Management LLC increased its holdings in shares of Walt Disney by 3.7% in the 4th quarter. HB Wealth Management LLC now owns 47,168 shares of the entertainment giant’s stock valued at $5,252,000 after acquiring an additional 1,692 shares during the period. TruWealth Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at $208,000. Udine Wealth Management Inc. purchased a new position in shares of Walt Disney in the 4th quarter valued at $1,101,000. Finally, Financial Advisors LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth $229,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s 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 sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Walt Disney Trading Up 0.9%

DIS opened at $113.26 on Monday. The firm has a market cap of $203.62 billion, a P/E ratio of 36.89, a P/E/G ratio of 1.80 and a beta of 1.49. The business has a fifty day simple moving average of $94.62 and a 200-day simple moving average of $104.79. The Walt Disney Company has a 52 week low of $80.10 and a 52 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 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. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period last year, the business posted $1.21 earnings per share. Walt Disney’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on DIS. 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. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. UBS Group boosted their price objective on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a research note on Monday, April 21st. Finally, Loop Capital lifted their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.54.

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.