Archford Capital Strategies LLC Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Archford Capital Strategies LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 16.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,815 shares of the entertainment giant’s stock after selling 733 shares during the quarter. Archford Capital Strategies LLC’s holdings in Walt Disney were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at $27,000. Tacita Capital Inc raised its position in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney during the fourth quarter valued at about $32,000. Copia Wealth Management purchased a new stake in Walt Disney during the fourth quarter valued at about $36,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at about $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Barclays lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. UBS Group lifted their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Rosenblatt Securities lifted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.96.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company’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 transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is owned by corporate insiders.

Walt Disney Price Performance

DIS opened at $119.53 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50. The stock has a market capitalization of $214.89 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.54. The stock’s 50 day moving average price is $106.76 and its 200-day moving average price is $105.92.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. On average, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.