KFG Wealth Management LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

KFG Wealth Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 1,771 shares of the entertainment giant’s stock, valued at approximately $217,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. grew its position in Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after purchasing an additional 916,772 shares in the last quarter. Avitas Wealth Management LLC grew its position in Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares in the last quarter. WNY Asset Management LLC grew its position in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after purchasing an additional 2,304 shares in the last quarter. Telos Capital Management Inc. grew its position in Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares in the last quarter. Finally, Howard Capital Management Group LLC grew its position in Walt Disney by 1.8% during the 4th quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after purchasing an additional 3,716 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Barclays lowered their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Loop Capital boosted their price target on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 6th. Macquarie boosted their price target on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Daiwa Capital Markets restated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Stock Up 0.6 %

Walt Disney stock opened at $98.59 on Thursday. The firm has a market cap of $179.72 billion, a price-to-earnings ratio of 107.16, a P/E/G ratio of 1.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a fifty day moving average price of $104.17 and a two-hundred day moving average price of $104.81.

Walt Disney (NYSE:DIS) last released its earnings results 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. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, analysts forecast that The Walt Disney Company will post 4.75 earnings per share for the current year.

Insider Activity

In related 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 owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

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.