Kestra Advisory Services LLC Has $23.85 Million Holdings in The Walt Disney Company (NYSE:DIS)

Kestra Advisory Services LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 8.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,897 shares of the entertainment giant’s stock after purchasing an additional 14,898 shares during the quarter. Kestra Advisory Services LLC’s holdings in Walt Disney were worth $23,848,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new position in Walt Disney in the fourth quarter valued at about $1,938,647,000. Jennison Associates LLC bought a new position in Walt Disney in the first quarter valued at about $1,490,492,000. Capital World Investors grew its position in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. bought a new position in Walt Disney in the fourth quarter valued at about $459,245,000. Finally, Ontario Teachers Pension Plan Board bought a new position in Walt Disney in the first quarter valued at about $425,567,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 0.8 %

Shares of Walt Disney stock traded up $0.72 on Friday, reaching $89.93. 11,301,857 shares of the company’s stock were exchanged, compared to its average volume of 10,272,014. The company has a market capitalization of $163.95 billion, a P/E ratio of 97.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm’s 50-day moving average is $99.38 and its two-hundred day moving average is $105.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

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

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal 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 on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DIS shares. Wells Fargo & Company lifted their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Moffett Nathanson reduced their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Guggenheim boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Argus boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Macquarie boosted their price target on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.54.

Walt Disney Company 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.