Allspring Global Investments Holdings LLC Has $9.09 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Allspring Global Investments Holdings LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,093 shares of the entertainment giant’s stock after selling 1,015 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Walt Disney were worth $9,093,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC lifted its stake in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the 4th quarter worth $32,000. Copia Wealth Management bought a new stake in shares of Walt Disney in the 4th quarter worth $36,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.8%

NYSE:DIS opened at $123.98 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market capitalization of $222.88 billion, a P/E ratio of 25.35, a P/E/G ratio of 1.81 and a beta of 1.56. The company’s 50-day simple moving average is $111.87 and its 200-day simple moving average is $106.37. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of several analyst reports. Barclays boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Jefferies Financial Group upgraded Walt Disney from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Morgan Stanley increased their price target on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Rosenblatt Securities boosted their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.83.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% 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.