Fort Washington Investment Advisors Inc. OH Raises Stake in The Walt Disney Company (NYSE:DIS)

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.7% during the 1st quarter, HoldingsChannel reports. The fund owned 633,490 shares of the entertainment giant’s stock after buying an additional 4,279 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Walt Disney were worth $62,525,000 as of its most recent SEC filing.

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

Walt Disney Price Performance

Shares of NYSE:DIS opened at $119.41 on Thursday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $120.50. The stock has a market capitalization of $214.67 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. 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’s 50 day moving average price is $100.15 and its 200-day moving average price is $105.82.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping 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 business had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter last year, the company posted $1.21 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DIS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Guggenheim reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Barclays lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Rosenblatt Securities increased their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.96.

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.