Peterson Wealth Management acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,485 shares of the entertainment giant’s stock, valued at approximately $274,000.
Several other large investors also recently bought and sold shares of DIS. Flagship Private Wealth LLC purchased a new position in The Walt Disney during the fourth quarter worth $27,000. Inspire Advisors LLC bought a new stake in shares of The Walt Disney during the 4th quarter worth approximately $27,000. Kinloch Capital LLC bought a new stake in shares of The Walt Disney during the 4th quarter worth approximately $28,000. Advanced Research Investment Solutions LLC lifted its stake in shares of The Walt Disney by 50.9% during the 4th quarter. Advanced Research Investment Solutions LLC now owns 163 shares of the entertainment giant’s stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC bought a new stake in shares of The Walt Disney during the 4th quarter worth approximately $33,000. 62.83% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on DIS shares. Morgan Stanley raised their price target on The Walt Disney from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 21st. Citigroup lifted their price target on The Walt Disney from $205.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 3rd. Sanford C. Bernstein reiterated a “neutral” rating and issued a $167.00 price target on shares of The Walt Disney in a report on Monday. Zacks Investment Research raised The Walt Disney from a “sell” rating to a “hold” rating and set a $193.00 price objective for the company in a research report on Monday, February 22nd. Finally, KeyCorp lifted their price target on The Walt Disney from $182.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $191.69.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.77. The firm had revenue of $16.25 billion during the quarter, compared to the consensus estimate of $15.84 billion. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%. Analysts expect that The Walt Disney Company will post 1.69 EPS for the current year.
In other news, Chairman Robert A. Iger sold 478,003 shares of the stock in a transaction dated Wednesday, January 20th. The stock was sold at an average price of $175.92, for a total value of $84,090,287.76. Following the transaction, the chairman now owns 1,656,157 shares in the company, valued at approximately $291,351,139.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Christine M. Mccarthy sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 20th. The shares were sold at an average price of $177.24, for a total value of $886,200.00. Following the completion of the sale, the chief financial officer now directly owns 157,845 shares of the company’s stock, valued at $27,976,447.80. The disclosure for this sale can be found here. Insiders sold a total of 1,363,130 shares of company stock worth $250,457,795 in the last quarter. Company insiders own 0.31% of the company’s stock.
About The Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.
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