The Walt Disney Company (NYSE:DIS) Shares Acquired by Morse Asset Management Inc

Morse Asset Management Inc increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,326 shares of the entertainment giant’s stock after purchasing an additional 199 shares during the period. Morse Asset Management Inc’s holdings in Walt Disney were worth $2,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new stake in Walt Disney during the 4th quarter valued at $26,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney in the fourth quarter valued at $28,000. Stone House Investment Management LLC boosted its stake in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. ESL Trust Services LLC bought a new stake in shares of Walt Disney in the 1st quarter worth about $31,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $33,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is accessible through this link. Also, Director James P. Gorman purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following 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 currently owned by company insiders.

Walt Disney Price Performance

DIS stock traded up $0.72 on Friday, hitting $89.93. 11,301,857 shares of the company’s stock traded hands, compared to its average volume of 10,272,014. 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 stock has a market cap of $163.95 billion, a price-to-earnings ratio of 97.75, a P/E/G ratio of 1.12 and a beta of 1.40. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The stock has a fifty day moving average of $99.38 and a 200-day moving average of $105.37.

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

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Macquarie boosted their price objective on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Walt Disney in a report on Wednesday, July 3rd. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. Loop Capital raised their price target on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Moffett Nathanson reduced their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.54.

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.