Falcon Wealth Planning Acquires 138 Shares of The Walt Disney Company (NYSE:DIS)

Falcon Wealth Planning boosted its stake in The Walt Disney Company (NYSE:DIS) by 3.8% in the first quarter, HoldingsChannel.com reports. The firm owned 3,809 shares of the entertainment giant’s stock after buying an additional 138 shares during the period. Falcon Wealth Planning’s holdings in Walt Disney were worth $376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after acquiring an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Walt Disney during the 4th quarter valued at approximately $358,151,000. Finally, Boston Partners acquired a new stake in Walt Disney during the 4th quarter valued at approximately $350,707,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS stock opened at $121.64 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The business has a 50-day simple moving average of $107.50 and a two-hundred day simple moving average of $105.97. The company has a market capitalization of $218.69 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $121.83.

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 the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DIS shares. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Rosenblatt Securities boosted their target price 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. Loop Capital upped their price target 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. UBS Group increased their price target on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $123.96.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company’s stock.

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.