Blue Zone Wealth Advisors LLC Raises Stake in The Walt Disney Company (NYSE:DIS)

Blue Zone Wealth Advisors LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,371 shares of the entertainment giant’s stock after buying an additional 376 shares during the period. Walt Disney makes up approximately 1.7% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Blue Zone Wealth Advisors LLC’s holdings in Walt Disney were worth $5,062,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Planned Solutions Inc. purchased a new stake in Walt Disney in the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the 4th quarter worth approximately $28,000. Partnership Wealth Management LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $33,000. Stone House Investment Management LLC boosted its position in Walt Disney by 355.3% in the 4th 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, Fortis Group Advisors LLC purchased a new stake in Walt Disney in the 3rd quarter worth approximately $30,000. Hedge funds and other 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. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley upped their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Bank of America upped their target price on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. UBS Group reduced their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. assumed coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.50.

Walt Disney Stock Down 2.8 %

Shares of DIS opened at $99.29 on Monday. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a market capitalization of $181.01 billion, a PE ratio of 107.93, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The stock has a fifty day simple moving average of $104.76 and a two-hundred day simple moving average of $104.74. 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 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 last year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 4.76 EPS for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James P. Gorman purchased 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were acquired 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 owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Corporate 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.