Fragasso Financial Advisors Inc Has $968,000 Stake in The Walt Disney Company (NYSE:DIS)

Fragasso Financial Advisors Inc decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 63.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,810 shares of the entertainment giant’s stock after selling 17,338 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Walt Disney were worth $968,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Trek Financial LLC boosted its holdings in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after purchasing an additional 30,057 shares during the period. Greystone Financial Group LLC grew its stake in shares of Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after buying an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in Walt Disney in the 4th quarter worth about $446,000. Alecta Tjanstepension Omsesidigt increased its stake in shares of Walt Disney by 2.9% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant’s stock valued at $397,667,000 after buying an additional 100,000 shares during the period. Finally, Cape Investment Advisory Inc. raised its stake in shares of Walt Disney by 18.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 14,467 shares of the entertainment giant’s stock valued at $1,611,000 after acquiring an additional 2,272 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of a number of analyst reports. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Barclays upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Morgan Stanley increased their target price on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $123.54.

Walt Disney Price Performance

NYSE DIS opened at $112.87 on Tuesday. The company has a market cap of $202.91 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $97.29 and its two-hundred day simple moving average is $105.71. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.