PVG Asset Management Corp Makes New Investment in The Walt Disney Company (NYSE:DIS)

PVG Asset Management Corp purchased a new stake 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 SEC. The institutional investor purchased 2,382 shares of the entertainment giant’s stock, valued at approximately $215,000. Walt Disney makes up 1.0% of PVG Asset Management Corp’s investment portfolio, making the stock its 24th biggest holding.

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

Walt Disney Stock Performance

NYSE DIS opened at $101.55 on Tuesday. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $107.09 and its two-hundred day moving average is $104.13. The stock has a market capitalization of $185.13 billion, a price-to-earnings ratio of 110.38, a PEG ratio of 1.24 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share 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 analysts’ expectations of $22.12 billion. During the same quarter last year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 4.76 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’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 SEC, which is available through this link. In other news, Director James P. Gorman acquired 20,000 shares of the business’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 transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’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 disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several recent analyst reports. Argus boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Guggenheim upped their target price 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 3rd. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. One investment 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 company. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.29.

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.