BCGM Wealth Management LLC Purchases 726 Shares of The Walt Disney Company (NYSE:DIS)

BCGM Wealth Management LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,605 shares of the entertainment giant’s stock after buying an additional 726 shares during the quarter. BCGM Wealth Management LLC’s holdings in Walt Disney were worth $2,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Walt Disney during the fourth quarter worth $1,938,647,000. Jennison Associates LLC bought a new position in Walt Disney during the first quarter worth $1,490,492,000. ValueAct Holdings L.P. bought a new position in Walt Disney during the fourth quarter worth $459,245,000. International Assets Investment Management LLC boosted its position in Walt Disney by 8,681.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after purchasing an additional 3,311,563 shares during the period. Finally, California Public Employees Retirement System boosted its position in Walt Disney by 34.8% during the fourth quarter. California Public Employees Retirement System now owns 6,646,336 shares of the entertainment giant’s stock worth $600,098,000 after purchasing an additional 1,716,259 shares during the period. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were 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 of the company’s stock, valued at approximately $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James P. Gorman bought 20,000 shares of the 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 purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DIS shares. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Tuesday, May 21st. Evercore ISI decreased their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Raymond James upped their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Bank of America upped their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Argus upped their price target 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 assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.44.

Walt Disney Trading Up 0.5 %

Shares of Walt Disney stock traded up $0.53 on Friday, hitting $97.13. The stock had a trading volume of 6,465,736 shares, compared to its average volume of 8,942,289. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock has a 50 day moving average of $101.78 and a 200 day moving average of $105.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The firm has a market capitalization of $177.07 billion, a P/E ratio of 105.58, a PEG ratio of 1.21 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) 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 analysts’ expectations of $22.12 billion. During the same period last year, the business earned $0.93 EPS. Walt Disney’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

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.