CreativeOne Wealth LLC Acquires 2,763 Shares of The Walt Disney Company (NYSE:DIS)

CreativeOne Wealth LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 34.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 10,891 shares of the entertainment giant’s stock after acquiring an additional 2,763 shares during the period. CreativeOne Wealth LLC’s holdings in Walt Disney were worth $1,333,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. lifted its stake in Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after purchasing an additional 916,772 shares during the last quarter. Avitas Wealth Management LLC lifted its stake in Walt Disney by 2.2% in the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares during the last quarter. Telos Capital Management Inc. lifted its stake in Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares during the last quarter. Valmark Advisers Inc. lifted its stake in Walt Disney by 4.9% in the fourth quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock worth $699,000 after purchasing an additional 359 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Walt Disney in the first quarter valued at about $1,490,492,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Up 0.9 %

Shares of NYSE DIS traded up $0.80 during midday trading on Friday, hitting $90.01. The stock had a trading volume of 6,150,264 shares, compared to its average volume of 11,291,095. The business’s 50 day moving average is $99.65 and its 200-day moving average is $105.16. The company has a market cap of $164.09 billion, a P/E ratio of 97.25, a PEG 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 company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Argus boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. Evercore ISI decreased their price objective on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Finally, UBS Group decreased their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.54.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

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.