Warren Street Wealth Advisors LLC Increases Position in The Walt Disney Company (NYSE:DIS)

Warren Street Wealth Advisors LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 35.2% during the 1st quarter, Holdings Channel reports. The fund owned 2,700 shares of the entertainment giant’s stock after purchasing an additional 703 shares during the period. Warren Street Wealth Advisors LLC’s holdings in Walt Disney were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the fourth quarter valued at approximately $28,000. Tacita Capital Inc boosted its stake in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney in the 4th quarter valued at about $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $34,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $113.54 on Thursday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company has a 50-day simple moving average of $97.87 and a two-hundred day simple moving average of $105.75. The stock has a market capitalization of $204.12 billion, a price-to-earnings ratio of 36.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. 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 issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share 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 for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at $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 available at this link. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Morgan Stanley raised their target price 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. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Guggenheim reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, UBS Group lifted their target price on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $123.75.

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.