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

KFG Wealth Management LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,771 shares of the entertainment giant’s stock, valued at approximately $217,000.

A number of other hedge funds also recently bought and sold shares of the business. Mcdonald Partners LLC increased its position in Walt Disney by 0.5% in the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after acquiring an additional 88 shares during the period. Sendero Wealth Management LLC boosted its holdings in Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after purchasing an additional 89 shares in the last quarter. Pflug Koory LLC boosted its holdings in Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares in the last quarter. McLean Asset Management Corp boosted its holdings in Walt Disney by 3.2% in the 1st quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock valued at $370,000 after purchasing an additional 96 shares in the last quarter. Finally, Destiny Wealth Partners LLC boosted its holdings in Walt Disney by 2.9% in the 1st quarter. Destiny Wealth Partners LLC now owns 3,517 shares of the entertainment giant’s stock valued at $430,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.6 %

Shares of Walt Disney stock opened at $98.59 on Thursday. 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 market cap of $179.72 billion, a PE ratio of 107.16, a P/E/G ratio of 1.22 and a beta of 1.40. The business’s fifty day moving average is $104.17 and its two-hundred day moving average is $104.81. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its quarterly 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. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 4.75 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the 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 document filed with the SEC, which can be accessed through the SEC website. In other news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Monday, May 6th. Guggenheim boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research note on Tuesday, May 21st. Finally, Bank of America boosted their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.44.

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.