Chesley Taft & Associates LLC Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Chesley Taft & Associates LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,264 shares of the entertainment giant’s stock after buying an additional 1,000 shares during the period. Chesley Taft & Associates LLC’s holdings in Walt Disney were worth $18,286,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DIS. Brighton Jones LLC boosted its stake in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Trust Point Inc. lifted its holdings in shares of Walt Disney by 4.5% during the fourth quarter. Trust Point Inc. now owns 7,859 shares of the entertainment giant’s stock valued at $875,000 after purchasing an additional 341 shares in the last quarter. Bank Hapoalim BM boosted its position in shares of Walt Disney by 2.2% during the fourth quarter. Bank Hapoalim BM now owns 4,539 shares of the entertainment giant’s stock valued at $505,000 after buying an additional 96 shares during the last quarter. Tanager Wealth Management LLP bought a new stake in Walt Disney in the 4th quarter worth about $235,000. Finally, CarsonAllaria Wealth Management Ltd. raised its position in Walt Disney by 17.7% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 985 shares of the entertainment giant’s stock worth $110,000 after buying an additional 148 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

NYSE:DIS opened at $113.54 on Thursday. The business’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 market capitalization of $204.12 billion, a P/E ratio of 36.98, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the prior year, the firm earned $1.21 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 46,831 shares in the company, 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 is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DIS. Loop Capital lifted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Morgan Stanley raised their target price on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Barclays boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. UBS Group increased their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $123.75.

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.