Sunbelt Securities Inc. Purchases 649 Shares of The Walt Disney Company (NYSE:DIS)

Sunbelt Securities Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 18.4% during the 3rd quarter, Holdings Channel reports. The firm owned 4,176 shares of the entertainment giant’s stock after acquiring an additional 649 shares during the period. Sunbelt Securities Inc.’s holdings in Walt Disney were worth $394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. TD Capital Management LLC bought a new stake in shares of Walt Disney during the 3rd quarter valued at $29,000. Worth Asset Management LLC bought a new stake in Walt Disney in the 1st quarter valued at $29,000. Coston McIsaac & Partners bought a new stake in Walt Disney in the 2nd quarter valued at $38,000. IAG Wealth Partners LLC increased its holdings in Walt Disney by 167.5% in the 3rd quarter. IAG Wealth Partners LLC now owns 412 shares of the entertainment giant’s stock valued at $39,000 after acquiring an additional 258 shares during the last quarter. Finally, Bell Investment Advisors Inc increased its holdings in Walt Disney by 86.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 567 shares of the entertainment giant’s stock valued at $54,000 after acquiring an additional 263 shares during the last quarter. 62.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CFO Christine M. Mccarthy sold 42,533 shares of the business’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $4,187,799.18. Following the completion of the sale, the chief financial officer now directly owns 181,830 shares of the company’s stock, valued at approximately $17,902,981.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Brent Woodford sold 18,110 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $1,783,110.60. Following the completion of the sale, the executive vice president now owns 33,186 shares of the company’s stock, valued at approximately $3,267,493.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the completion of the sale, the chief financial officer now directly owns 181,830 shares of the company’s stock, valued at approximately $17,902,981.80. The disclosure for this sale can be found here. Insiders sold a total of 62,921 shares of company stock valued at $6,209,132 in the last three months. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of a number of research reports. Royal Bank of Canada set a $130.00 price target on shares of Walt Disney in a report on Monday, November 21st. StockNews.com initiated coverage on shares of Walt Disney in a report on Thursday. They issued a “sell” rating on the stock. Credit Suisse Group boosted their target price on shares of Walt Disney from $126.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, February 9th. Huber Research initiated coverage on shares of Walt Disney in a report on Tuesday, January 17th. They issued an “overweight” rating on the stock. Finally, Truist Financial reduced their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, January 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.92.

Walt Disney Price Performance

Walt Disney stock opened at $94.29 on Friday. The stock has a market cap of $172.25 billion, a price-to-earnings ratio of 51.81, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.93. The Walt Disney Company has a 1 year low of $84.07 and a 1 year high of $144.46. The firm has a 50-day moving average of $102.56 and a two-hundred day moving average of $99.94.

Walt Disney (NYSE:DIS – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The entertainment giant reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.30. The company had revenue of $23.51 billion during the quarter, compared to analysts’ expectations of $23.29 billion. Walt Disney had a net margin of 3.93% and a return on equity of 6.72%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 EPS. On average, research analysts forecast that The Walt Disney Company will post 3.98 earnings per share for the current year.

About Walt Disney

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.