Welch & Forbes LLC Has $5.80 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Posted by Defense World Staff on Jun 26th, 2023

Welch & Forbes LLC lessened its position in The Walt Disney Company (NYSE:DIS – Get Rating) by 5.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 57,930 shares of the entertainment giant’s stock after selling 3,126 shares during the period. Welch & Forbes LLC’s holdings in Walt Disney were worth $5,801,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. JGP Wealth Management LLC bought a new stake in Walt Disney during the 1st quarter valued at $225,000. Bell & Brown Wealth Advisors LLC increased its position in shares of Walt Disney by 2.6% during the first quarter. Bell & Brown Wealth Advisors LLC now owns 45,718 shares of the entertainment giant’s stock worth $4,578,000 after acquiring an additional 1,138 shares in the last quarter. Ledge Wealth Management Inc. raised its holdings in shares of Walt Disney by 12.9% in the 1st quarter. Ledge Wealth Management Inc. now owns 21,652 shares of the entertainment giant’s stock worth $2,168,000 after acquiring an additional 2,476 shares during the last quarter. Raymond James & Associates boosted its stake in Walt Disney by 2.3% during the 1st quarter. Raymond James & Associates now owns 2,274,088 shares of the entertainment giant’s stock valued at $227,704,000 after purchasing an additional 51,130 shares during the last quarter. Finally, Wallington Asset Management LLC boosted its stake in Walt Disney by 1.0% during the 1st quarter. Wallington Asset Management LLC now owns 43,072 shares of the entertainment giant’s stock valued at $4,313,000 after purchasing an additional 420 shares during the last quarter. Institutional investors own 63.67% of the company’s stock.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 1,145 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $99.16, for a total transaction of $113,538.20. Following the transaction, the executive vice president now directly owns 29,138 shares in the company, valued at approximately $2,889,324.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $88.10 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 1.01. The company’s fifty day moving average price is $94.18 and its 200-day moving average price is $96.95. The Walt Disney Company has a one year low of $84.07 and a one year high of $126.48. The company has a market capitalization of $160.99 billion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 1.95 and a beta of 1.30.

Walt Disney (NYSE:DIS – Get Rating) last released its quarterly earnings data on Wednesday, May 10th. The entertainment giant reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Walt Disney had a return on equity of 6.41% and a net margin of 4.74%. The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $21.82 billion. During the same quarter in the previous year, the company posted $1.08 EPS. On average, equities analysts anticipate that The Walt Disney Company will post 3.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial decreased their price target on Walt Disney from $121.00 to $105.00 in a report on Tuesday, May 30th. Barclays lowered their target price on shares of Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Wolfe Research downgraded shares of Walt Disney from an “outperform” rating to a “peer perform” rating in a research report on Friday, May 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walt Disney from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Finally, StockNews.com began coverage on Walt Disney in a research report on Thursday, May 18th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $122.27.

Walt Disney Profile

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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.