65,574 Shares in The Walt Disney Company (NYSE:DIS) Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 65,574 shares of the entertainment giant’s stock, valued at approximately $5,921,000.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Fortis Group Advisors LLC purchased a new position in shares of Walt Disney in the 3rd quarter valued at approximately $30,000. Stone House Investment Management LLC grew its stake in shares of Walt Disney by 355.3% in 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 purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated 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 at this hyperlink. In other Walt Disney 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 is available at this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on DIS. Wells Fargo & Company lifted their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Tigress Financial reissued a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. Loop Capital raised their price target on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 6th. Macquarie raised their price target on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Raymond James raised their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.29.

Walt Disney Trading Down 0.1 %

Shares of NYSE:DIS traded down $0.10 during midday trading on Tuesday, reaching $101.42. The company’s stock had a trading volume of 752,509 shares, compared to its average volume of 11,435,917. The firm has a market cap of $184.89 billion, a price-to-earnings ratio of 110.38, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. 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 Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The business has a 50 day moving average price of $107.09 and a 200 day moving average price of $104.13.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Research analysts forecast that The Walt Disney Company will post 4.76 EPS for the current year.

Walt Disney Company 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.