Moss Adams Wealth Advisors LLC Buys New Position in The Walt Disney Company (NYSE:DIS)

Moss Adams Wealth Advisors LLC purchased a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,465 shares of the entertainment giant’s stock, valued at approximately $223,000.

Several other large investors also recently bought and sold shares of the company. Evolution Advisers Inc. grew its stake in Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. Gradient Capital Advisors LLC boosted its stake in Walt Disney by 2.9% in the 4th quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock valued at $359,000 after purchasing an additional 111 shares during the period. First Business Financial Services Inc. boosted its stake in Walt Disney by 0.7% in the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after purchasing an additional 113 shares during the period. Royal Fund Management LLC increased its position in Walt Disney by 2.4% during the 4th quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock worth $441,000 after buying an additional 113 shares during the period. Finally, Kelman Lazarov Inc. lifted its holdings in shares of Walt Disney by 3.4% during the fourth quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.1 %

NYSE:DIS traded up $0.07 during trading hours on Wednesday, hitting $105.46. 15,221,881 shares of the company were exchanged, compared to its average volume of 12,100,998. The company has a fifty day simple moving average of $114.59 and a 200 day simple moving average of $101.21. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock has a market capitalization of $193.45 billion, a price-to-earnings ratio of 65.10, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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 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 7.88% and a net margin of 3.36%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on DIS. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a research report on Tuesday. Rosenblatt Securities increased their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Barclays lowered their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley upped their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $126.46.

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.