Money Concepts Capital Corp Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Money Concepts Capital Corp grew its stake in The Walt Disney Company (NYSE:DIS) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,764 shares of the entertainment giant’s stock after acquiring an additional 977 shares during the period. Money Concepts Capital Corp’s holdings in Walt Disney were worth $865,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney during the 4th quarter valued at about $27,000. Tacita Capital Inc lifted its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney during the 4th quarter worth about $32,000. Copia Wealth Management acquired a new stake in shares of Walt Disney during the fourth quarter worth about $36,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $122.39 on Friday. The firm has a 50 day moving average of $108.25 and a 200-day moving average of $106.02. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The company has a market cap of $220.02 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.78 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $122.94.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group upped their target price on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Barclays boosted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.79.

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.