The Walt Disney Company (NYSE:DIS) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its holdings in The Walt Disney Company (NYSE:DIS) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,541 shares of the entertainment giant’s stock after buying an additional 1,140 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Walt Disney were worth $5,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Planned Solutions Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC acquired a new position in Walt Disney during the fourth quarter worth $33,000. Stone House Investment Management LLC grew its stake 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 in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in Walt Disney during the 3rd quarter worth about $30,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Up 1.6 %

Shares of NYSE DIS opened at $101.55 on Tuesday. The firm has a market cap of $185.13 billion, a P/E ratio of 110.38, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. The firm’s 50 day moving average price is $107.09 and its 200 day moving average price is $104.13. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for 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 company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.76 earnings per share for the current year.

Analyst Ratings Changes

DIS has been the subject of several analyst reports. JPMorgan Chase & Co. began 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. Wells Fargo & Company upped their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. Bank of America lifted their price target 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. Finally, Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.29.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.