MQS Management LLC Takes Position in The Walt Disney Company (NYSE:DIS)

by · The Cerbat Gem

MQS Management LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,777 shares of the entertainment giant’s stock, valued at approximately $471,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Brighton Jones LLC boosted its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Walt Disney by 13.6% in the 4th quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant’s stock worth $1,872,000 after purchasing an additional 2,016 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in shares of Walt Disney in the 4th quarter valued at $624,000. Choate Investment Advisors increased its position in shares of Walt Disney by 66.4% during the fourth quarter. Choate Investment Advisors now owns 136,622 shares of the entertainment giant’s stock worth $15,213,000 after buying an additional 54,529 shares during the period. Finally, one8zero8 LLC bought a new position in Walt Disney during the fourth quarter worth $915,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group lifted their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Walt Disney from a “buy” rating to a “strong-buy” rating in a report on Saturday. Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Barclays raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Finally, Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $127.35.

Get Our Latest Research Report on Walt Disney

Walt Disney Stock Down 1.4%

Walt Disney stock opened at $119.82 on Monday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. 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 firm’s 50-day simple moving average is $114.90 and its 200 day simple moving average is $106.62. The stock has a market cap of $215.41 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56.

Walt Disney (NYSE:DIS – Get Free Report) last announced its 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. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Company Profile

(Free Report)

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.

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