Norden Group LLC Buys 439 Shares of The Walt Disney Company (NYSE:DIS)

Norden Group LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,537 shares of the entertainment giant’s stock after acquiring an additional 439 shares during the period. Norden Group LLC’s holdings in Walt Disney were worth $1,167,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in DIS. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth about $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney in the fourth quarter worth about $28,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney in the fourth quarter worth about $33,000. Stone House Investment Management LLC increased its stake in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Red Tortoise LLC increased its stake in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.6 %

Shares of DIS opened at $97.99 on Friday. The firm has a market cap of $178.64 billion, a price-to-earnings ratio of 106.51, a PEG ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a 50 day moving average price of $103.28 and a 200-day moving average price of $104.75.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on DIS shares. Loop Capital boosted their price objective 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Evercore ISI reduced their price objective on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Moffett Nathanson reduced their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $126.44.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at $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 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.