US Asset Management LLC Invests $798,000 in The Walt Disney Company (NYSE:DIS)

US Asset Management LLC acquired a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, HoldingsChannel reports. The firm acquired 8,834 shares of the entertainment giant’s stock, valued at approximately $798,000.

A number of other hedge funds have also recently made changes to their positions in the business. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth $26,000. Stone House Investment Management LLC increased its position in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the period. Fortis Group Advisors LLC purchased a new position in Walt Disney during the 3rd quarter valued at $30,000. Evolution Advisers Inc. increased its position in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares during the period. Finally, Orion Capital Management LLC purchased a new position in Walt Disney during the 3rd quarter valued at $35,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent research reports. Rosenblatt Securities upped their target price on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target for the company. Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Argus increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company increased their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. One research 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’s stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $126.46.

Walt Disney Trading Up 0.3 %

DIS traded up $0.29 during trading on Friday, reaching $106.09. The company had a trading volume of 8,658,601 shares, compared to its average volume of 12,083,602. The stock has a market cap of $194.60 billion, a P/E ratio of 114.83, a PEG ratio of 1.39 and a beta of 1.40. The business has a 50 day simple moving average of $114.37 and a 200-day simple moving average of $101.27. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last issued its quarterly 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. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction on 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 approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction on 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 approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on 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. 0.10% of the stock is owned by corporate insiders.

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.