Westwood Holdings Group Inc. Buys 673,367 Shares of The Walt Disney Company (NYSE:DIS)

Westwood Holdings Group Inc. raised its stake in The Walt Disney Company (NYSE:DIS) by 26,324.0% in the fourth quarter, Holdings Channel reports. The fund owned 675,925 shares of the entertainment giant’s stock after purchasing an additional 673,367 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Walt Disney were worth $75,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DIS. Merit Financial Group LLC raised its holdings in Walt Disney by 18.1% during the 4th quarter. Merit Financial Group LLC now owns 38,900 shares of the entertainment giant’s stock worth $4,331,000 after purchasing an additional 5,955 shares during the last quarter. HB Wealth Management LLC grew its position in Walt Disney by 3.7% in the 4th quarter. HB Wealth Management LLC now owns 47,168 shares of the entertainment giant’s stock valued at $5,252,000 after purchasing an additional 1,692 shares during the period. TruWealth Advisors LLC acquired a new stake in Walt Disney in the 4th quarter valued at $208,000. Udine Wealth Management Inc. acquired a new stake in Walt Disney in the 4th quarter valued at $1,101,000. Finally, Financial Advisors LLC bought a new position in Walt Disney during the 4th quarter valued at $229,000. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on 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 directly owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DIS. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Guggenheim lowered their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. UBS Group lifted their target price on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Barclays lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, Loop Capital boosted their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Six equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.54.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $113.26 on Monday. 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 company has a market cap of $203.62 billion, a PE ratio of 36.89, a P/E/G ratio of 1.80 and a beta of 1.49. The business has a 50 day moving average of $94.62 and a 200 day moving average of $104.79. 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 issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share 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.