The Walt Disney Company (NYSE:DIS) Stock Holdings Boosted by Core Alternative Capital

Core Alternative Capital boosted its position in The Walt Disney Company (NYSE:DIS) by 71.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 542 shares of the entertainment giant’s stock after purchasing an additional 225 shares during the quarter. Core Alternative Capital’s holdings in Walt Disney were worth $53,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Whelan Financial increased its stake in shares of Walt Disney by 160.2% in the first quarter. Whelan Financial now owns 5,753 shares of the entertainment giant’s stock valued at $568,000 after purchasing an additional 3,542 shares during the period. Adell Harriman & Carpenter Inc. grew its holdings in Walt Disney by 4.4% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 15,387 shares of the entertainment giant’s stock worth $1,519,000 after buying an additional 647 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in Walt Disney by 8.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 69,725 shares of the entertainment giant’s stock valued at $6,882,000 after acquiring an additional 5,367 shares during the period. Bank of New York Mellon Corp increased its position in Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock valued at $1,758,968,000 after acquiring an additional 717,066 shares during the period. Finally, World Investment Advisors raised its stake in Walt Disney by 7.9% during the 1st quarter. World Investment Advisors now owns 76,292 shares of the entertainment giant’s stock valued at $7,530,000 after acquiring an additional 5,614 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

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

Walt Disney Stock Up 0.8%

Shares of Walt Disney stock opened at $123.98 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $222.88 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.81 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 stock’s fifty day moving average is $111.87 and its 200-day moving average is $106.34.

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 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 firm had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter last year, the business posted $1.21 EPS. Walt Disney’s revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIS. Jefferies Financial Group raised Walt Disney from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research raised 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 note on Monday, April 21st. Rosenblatt Securities upped their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Finally, Loop Capital raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.83.

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.