Register Financial Advisors LLC Grows Stock Position in The Walt Disney Company (NYSE:DIS)

Register Financial Advisors LLC increased its position in The Walt Disney Company (NYSE:DIS) by 23.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,596 shares of the entertainment giant’s stock after acquiring an additional 870 shares during the quarter. Register Financial Advisors LLC’s holdings in Walt Disney were worth $562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookmont Capital Management purchased a new stake in Walt Disney in the 1st quarter worth approximately $305,000. Capital Asset Advisory Services LLC boosted its stake in Walt Disney by 3.8% in the 1st quarter. Capital Asset Advisory Services LLC now owns 29,097 shares of the entertainment giant’s stock worth $3,444,000 after purchasing an additional 1,073 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in Walt Disney by 20.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 22,810 shares of the entertainment giant’s stock worth $2,791,000 after purchasing an additional 3,845 shares during the period. Buckley Wealth Management LLC bought a new position in Walt Disney in the 1st quarter worth approximately $219,000. Finally, Jessup Wealth Management Inc bought a new position in Walt Disney in the 1st quarter worth approximately $221,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Down 2.9 %

Shares of Walt Disney stock traded down $2.98 during trading on Friday, hitting $99.19. 21,427,892 shares of the stock traded hands, compared to its average volume of 11,476,657. The firm has a market cap of $180.83 billion, a P/E ratio of 107.82, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The stock’s fifty day simple moving average is $104.76 and its 200 day simple moving average is $104.57.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on DIS. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday. They issued a “buy” rating and a $125.00 price target for the company. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Tuesday, May 21st. Wells Fargo & Company upped their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. Finally, Loop Capital increased their target price on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.50.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by corporate insiders.

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.