MGB Wealth Management LLC Takes Position in The Walt Disney Company (NYSE:DIS)

MGB Wealth Management LLC acquired a new position in The Walt Disney Company (NYSE:DIS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the entertainment giant’s stock, valued at approximately $245,000.

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

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.68 on Friday, reaching $97.28. The company’s stock had a trading volume of 2,867,459 shares, compared to its average volume of 11,293,033. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $177.35 billion, a P/E ratio of 105.96, a PEG ratio of 1.21 and a beta of 1.40. The stock has a 50-day moving average price of $102.12 and a 200-day moving average price of $104.89. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted 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 company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 4.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DIS shares. Macquarie increased their price target on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Bank of America lifted their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Raymond James upped their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Evercore ISI dropped their price objective on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Insider Activity at Walt Disney

In other news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The stock was 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 directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was 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 directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

About Walt Disney

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.