Abundance Wealth Counselors Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Abundance Wealth Counselors lifted its holdings in The Walt Disney Company (NYSE:DIS) by 2.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,271 shares of the entertainment giant’s stock after purchasing an additional 293 shares during the quarter. Abundance Wealth Counselors’ holdings in Walt Disney were worth $1,257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Planned Solutions Inc. bought a new stake in Walt Disney in the fourth quarter worth $26,000. Gold Investment Management Ltd. bought a new stake in Walt Disney in the fourth quarter worth $28,000. Partnership Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $33,000. Stone House Investment Management LLC raised its holdings in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the period. Finally, Red Tortoise LLC lifted its stake in shares of Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 215 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS opened at $98.61 on Thursday. The business’s 50-day moving average is $104.17 and its two-hundred day moving average is $104.81. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. 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 capitalization of $179.77 billion, a PE ratio of 107.16, a price-to-earnings-growth ratio of 1.22 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on DIS shares. Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Bank of America lifted their target price on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Argus lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company lifted their target price on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Evercore ISI decreased their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Company 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.