MBM Wealth Consultants LLC Acquires 500 Shares of The Walt Disney Company (NYSE:DIS)

MBM Wealth Consultants LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DISGet Rating) by 227.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 720 shares of the entertainment giant’s stock after purchasing an additional 500 shares during the period. MBM Wealth Consultants LLC’s holdings in Walt Disney were worth $99,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. United Capital Financial Advisers LLC lifted its stake in Walt Disney by 2.5% during the first quarter. United Capital Financial Advisers LLC now owns 690,277 shares of the entertainment giant’s stock worth $94,678,000 after purchasing an additional 16,557 shares during the period. Quantitative Investment Management LLC acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $6,214,000. Vident Investment Advisory LLC increased its holdings in shares of Walt Disney by 61.4% in the first quarter. Vident Investment Advisory LLC now owns 18,614 shares of the entertainment giant’s stock valued at $2,552,000 after purchasing an additional 7,078 shares in the last quarter. Broad Run Investment Management LLC grew its holdings in Walt Disney by 5.6% during the 1st quarter. Broad Run Investment Management LLC now owns 204,883 shares of the entertainment giant’s stock worth $28,102,000 after acquiring an additional 10,783 shares during the period. Finally, Horizon Investments LLC grew its holdings in Walt Disney by 17.9% during the 1st quarter. Horizon Investments LLC now owns 43,544 shares of the entertainment giant’s stock worth $5,972,000 after acquiring an additional 6,605 shares during the period. Institutional investors own 61.37% of the company’s stock.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $119.03, for a total transaction of $357,090.00. Following the transaction, the executive vice president now directly owns 28,624 shares in the company, valued at approximately $3,407,114.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. Evercore ISI reduced their price target on shares of Walt Disney from $150.00 to $130.00 in a research report on Wednesday, July 27th. KGI Securities initiated coverage on shares of Walt Disney in a research report on Monday, May 23rd. They set an “outperform” rating and a $145.00 price target on the stock. Moffett Nathanson reduced their price target on shares of Walt Disney to $120.00 in a research report on Friday, July 22nd. Daiwa Capital Markets reduced their price target on shares of Walt Disney from $201.00 to $151.00 and set a “buy” rating on the stock in a research report on Tuesday, May 24th. Finally, Rosenblatt Securities lifted their price target on shares of Walt Disney from $124.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $151.48.

Walt Disney Stock Up 2.5 %

Shares of DIS stock opened at $115.18 on Friday. The firm has a market capitalization of $209.98 billion, a P/E ratio of 66.97, a PEG ratio of 1.50 and a beta of 1.20. The firm’s fifty day moving average price is $107.86 and its two-hundred day moving average price is $115.18. The Walt Disney Company has a 1 year low of $90.23 and a 1 year high of $187.10. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. Walt Disney’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. On average, equities analysts predict that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

About Walt Disney

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

See Also

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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