Jessup Wealth Management Inc Invests $221,000 in The Walt Disney Company (NYSE:DIS)

Jessup Wealth Management Inc bought a new position in The Walt Disney Company (NYSE:DIS) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,809 shares of the entertainment giant’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. Planned Solutions Inc. bought a new position in Walt Disney during the 4th quarter valued at about $26,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney in the 4th quarter worth approximately $28,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney in the 3rd quarter worth approximately $30,000. Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $33,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost 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 in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group cut their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a report on Tuesday, May 7th. Raymond James raised their price target on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Macquarie raised their price target on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.50.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $3.45 during midday trading on Friday, hitting $98.72. The company had a trading volume of 9,894,942 shares, compared to its average volume of 11,394,613. The stock has a market cap of $179.97 billion, a price-to-earnings ratio of 110.87, a PEG ratio of 1.27 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 company has a fifty day simple moving average of $105.23 and a 200 day simple moving average of $104.53. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

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 the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same period last year, the firm posted $0.93 EPS. Walt Disney’s revenue was up 1.2% on a year-over-year basis. As a group, analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current fiscal 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.