Alta Advisers Ltd Has $930,000 Stake in The Walt Disney Company (NYSE:DIS)

Alta Advisers Ltd lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 56.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,419 shares of the entertainment giant’s stock after acquiring an additional 3,400 shares during the quarter. Alta Advisers Ltd’s holdings in Walt Disney were worth $930,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the 4th quarter valued at $27,000. Tacita Capital Inc boosted its holdings in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. Kessler Investment Group LLC boosted its holdings in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney during the 4th quarter valued at $32,000. Finally, Copia Wealth Management acquired a new stake in shares of Walt Disney during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $124.04 on Tuesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market capitalization of $222.99 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.79 and a beta of 1.54. The business has a 50-day simple moving average of $109.06 and a 200 day simple moving average of $105.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the company posted $1.21 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of several recent research reports. Rosenblatt Securities lifted their target price on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Finally, Jefferies Financial Group raised Walt Disney from a “hold” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $144.00 in a research note on Monday. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.79.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by insiders.

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.