Strategic Wealth Partners Ltd. Raises Position in The Walt Disney Company (NYSE:DIS)

Strategic Wealth Partners Ltd. lifted its stake in The Walt Disney Company (NYSE:DIS) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,580 shares of the entertainment giant’s stock after acquiring an additional 524 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Walt Disney were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Highlander Capital Management LLC grew its stake in shares of Walt Disney by 0.7% in the first quarter. Highlander Capital Management LLC now owns 29,858 shares of the entertainment giant’s stock worth $3,653,000 after acquiring an additional 215 shares during the period. New Covenant Trust Company N.A. bought a new stake in Walt Disney during the first quarter valued at approximately $663,000. Plato Investment Management Ltd grew its position in Walt Disney by 1,198.7% during the first quarter. Plato Investment Management Ltd now owns 42,545 shares of the entertainment giant’s stock valued at $5,206,000 after buying an additional 39,269 shares during the period. XML Financial LLC grew its position in Walt Disney by 5.0% during the first quarter. XML Financial LLC now owns 10,930 shares of the entertainment giant’s stock valued at $1,337,000 after buying an additional 520 shares during the period. Finally, Garner Asset Management Corp bought a new stake in Walt Disney during the first quarter valued at approximately $355,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 3.8 %

NYSE DIS traded down $3.49 during trading on Friday, reaching $89.56. 15,421,471 shares of the company’s stock traded hands, compared to its average volume of 11,335,282. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm has a market cap of $163.27 billion, a price-to-earnings ratio of 97.72, a price-to-earnings-growth ratio of 1.16 and a beta of 1.40. The company’s 50 day simple moving average is $98.64 and its two-hundred day simple moving average is $105.25. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter last year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Macquarie lifted their price target on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Walt Disney in a report on Wednesday, July 3rd. Finally, Argus lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $128.13.

Insider Activity

In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% 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.