LS Investment Advisors LLC Has $7.27 Million Stock Position in The Walt Disney Company (NYSE:DIS)

LS Investment Advisors LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,696 shares of the entertainment giant’s stock after buying an additional 3,075 shares during the quarter. LS Investment Advisors LLC’s holdings in Walt Disney were worth $7,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DIS. Trek Financial LLC boosted its holdings in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after purchasing an additional 30,057 shares during the last quarter. Greystone Financial Group LLC boosted its holdings in Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in Walt Disney during the fourth quarter worth about $446,000. Alecta Tjanstepension Omsesidigt boosted its holdings in Walt Disney by 2.9% during the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant’s stock worth $397,667,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Cape Investment Advisory Inc. boosted its holdings in Walt Disney by 18.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 14,467 shares of the entertainment giant’s stock worth $1,611,000 after purchasing an additional 2,272 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS opened at $113.54 on Thursday. The company’s 50 day moving average is $97.87 and its 200-day moving average is $105.75. The Walt Disney Company has a 12-month low of $80.10 and a 12-month 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. The firm has a market cap of $204.12 billion, a P/E ratio of 36.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on DIS shares. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a 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 price target on the stock in a report on Monday, April 21st. Morgan Stanley boosted their target price on shares of 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 shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Guggenheim dropped their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Six research 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, Walt Disney has an average rating of “Moderate Buy” and an average price target of $123.75.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by insiders.

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.