The Walt Disney Company (NYSE:DIS) Shares Bought by BCGM Wealth Management LLC

BCGM Wealth Management LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,035 shares of the entertainment giant’s stock after acquiring an additional 516 shares during the period. BCGM Wealth Management LLC’s holdings in Walt Disney were worth $2,120,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Quent Capital LLC increased its stake in shares of Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after acquiring an additional 327 shares during the last quarter. Edgestream Partners L.P. grew its holdings in Walt Disney by 3.4% in the first quarter. Edgestream Partners L.P. now owns 3,876 shares of the entertainment giant’s stock valued at $474,000 after purchasing an additional 128 shares during the period. Catalytic Wealth RIA LLC acquired a new position in Walt Disney during the first quarter worth approximately $348,000. Resurgent Financial Advisors LLC boosted its holdings in shares of Walt Disney by 30.5% in the 1st quarter. Resurgent Financial Advisors LLC now owns 13,657 shares of the entertainment giant’s stock valued at $1,671,000 after purchasing an additional 3,190 shares during the last quarter. Finally, Davis R M Inc. grew its stake in shares of Walt Disney by 4.4% during the 1st quarter. Davis R M Inc. now owns 226,119 shares of the entertainment giant’s stock valued at $27,668,000 after buying an additional 9,528 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Guggenheim lifted their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday. TD Cowen lifted their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday. Sanford C. Bernstein increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. Needham & Company LLC lifted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Finally, Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Stock Up 5.5 %

DIS stock opened at $115.08 on Friday. The company has a market capitalization of $208.71 billion, a P/E ratio of 42.46, a PEG ratio of 1.87 and a beta of 1.40. The firm has a 50 day simple moving average of $95.57 and a 200-day simple moving average of $96.69. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney 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.