Prentice Wealth Management LLC Acquires 137 Shares of The Walt Disney Company (NYSE:DIS)

Prentice Wealth Management LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.2% in the first quarter, Holdings Channel.com reports. The firm owned 6,492 shares of the entertainment giant’s stock after purchasing an additional 137 shares during the quarter. Prentice Wealth Management LLC’s holdings in Walt Disney were worth $641,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Walt Disney by 7.7% in the fourth 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 in the last quarter. Bogart Wealth LLC boosted its position in Walt Disney by 20.8% during the 4th quarter. Bogart Wealth LLC now owns 2,896 shares of the entertainment giant’s stock worth $323,000 after acquiring an additional 498 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its position in Walt Disney by 5.7% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 2,691 shares of the entertainment giant’s stock worth $300,000 after acquiring an additional 146 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $218,000. Finally, Banque Pictet & Cie SA lifted its position in shares of Walt Disney by 3.8% in the fourth quarter. Banque Pictet & Cie SA now owns 22,560 shares of the entertainment giant’s stock worth $2,512,000 after purchasing an additional 820 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

DIS opened at $117.85 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business has a fifty day simple moving average of $101.58 and a 200 day simple moving average of $105.85. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The company has a market capitalization of $211.86 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the business posted $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 year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DIS shares. Barclays raised 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. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the company 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 research note on Thursday, May 8th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Finally, UBS Group upped their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $123.96.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.