Prentice Wealth Management LLC Acquires 312 Shares of The Walt Disney Company (NYSE:DIS)

Prentice Wealth Management LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,815 shares of the entertainment giant’s stock after purchasing an additional 312 shares during the quarter. Prentice Wealth Management LLC’s holdings in Walt Disney were worth $712,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the 4th quarter worth $26,000. Gold Investment Management Ltd. bought a new position in Walt Disney during the fourth quarter valued at about $28,000. Fortis Group Advisors LLC bought a new position in Walt Disney during the third quarter valued at about $30,000. Stone House Investment Management LLC grew its position in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the period. Finally, Partnership Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at about $33,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Barclays decreased their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Raymond James upped their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. 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. Finally, Argus increased their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.50.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $0.05 during trading hours on Wednesday, reaching $102.15. 4,538,582 shares of the stock traded hands, compared to its average volume of 11,385,970. The company has a 50 day moving average price of $105.45 and a 200 day moving average price of $104.55. The firm has a market capitalization of $186.22 billion, a price-to-earnings ratio of 110.86, a P/E/G ratio of 1.27 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year 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 released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the company posted $0.93 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The disclosure for this sale can be found here. 0.10% of the stock is owned by 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.