Orca Wealth Management LLC Buys 199 Shares of The Walt Disney Company (NYSE:DIS)

Orca Wealth Management LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,331 shares of the entertainment giant’s stock after acquiring an additional 199 shares during the quarter. Orca Wealth Management LLC’s holdings in Walt Disney were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after acquiring an additional 5,449,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock valued at $1,878,142,000 after purchasing an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Walt Disney by 10,567.3% during the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant’s stock worth $241,884,000 after purchasing an additional 2,427,728 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock worth $2,476,693,000 after buying an additional 2,096,431 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $119.93 on Wednesday. The stock has a market cap of $215.60 billion, a P/E ratio of 24.53, a PEG ratio of 1.76 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $118.28 and its two-hundred day moving average price is $107.51. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the firm posted $1.21 earnings per share. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DIS. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded Walt Disney from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Rosenblatt Securities boosted their target price on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.70.

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.