BCS Wealth Management Acquires 300 Shares of The Walt Disney Company (NYSE:DIS)

BCS Wealth Management increased its holdings in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 11.6% during the fourth quarter, Holdings Channel reports. The fund owned 2,887 shares of the entertainment giant’s stock after purchasing an additional 300 shares during the period. BCS Wealth Management’s holdings in Walt Disney were worth $251,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. TD Capital Management LLC acquired a new position in Walt Disney during the 3rd quarter worth $29,000. Worth Asset Management LLC acquired a new position in Walt Disney during the 1st quarter worth $29,000. Coston McIsaac & Partners acquired a new position in shares of Walt Disney in the 2nd quarter valued at $38,000. IAG Wealth Partners LLC lifted its stake in shares of Walt Disney by 167.5% in the 3rd quarter. IAG Wealth Partners LLC now owns 412 shares of the entertainment giant’s stock valued at $39,000 after purchasing an additional 258 shares during the period. Finally, Bell Investment Advisors Inc lifted its stake in shares of Walt Disney by 86.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 567 shares of the entertainment giant’s stock valued at $54,000 after purchasing an additional 263 shares during the period. 62.22% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Christine M. Mccarthy sold 42,533 shares of the firm’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $4,187,799.18. Following the completion of the sale, the chief financial officer now directly owns 181,830 shares in the company, valued at approximately $17,902,981.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Brent Woodford sold 1,139 shares of the firm’s stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $105.71, for a total value of $120,403.69. Following the completion of the sale, the executive vice president now directly owns 32,047 shares in the company, valued at approximately $3,387,688.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christine M. Mccarthy sold 42,533 shares of the firm’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the completion of the sale, the chief financial officer now owns 181,830 shares of the company’s stock, valued at $17,902,981.80. The disclosure for this sale can be found here. Insiders sold 62,921 shares of company stock worth $6,209,132 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DIS shares. Royal Bank of Canada set a $130.00 price target on Walt Disney in a research note on Monday, November 21st. Rosenblatt Securities increased their price target on Walt Disney from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. KeyCorp increased their price target on Walt Disney from $119.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 9th. Loop Capital increased their price target on Walt Disney from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Finally, Huber Research began coverage on Walt Disney in a research note on Tuesday, January 17th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.92.

Walt Disney Price Performance

Shares of NYSE DIS opened at $93.20 on Friday. The stock has a market capitalization of $170.26 billion, a price-to-earnings ratio of 51.21, a PEG ratio of 2.29 and a beta of 1.30. The business has a 50-day moving average of $102.55 and a 200-day moving average of $99.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.93. The Walt Disney Company has a fifty-two week low of $84.07 and a fifty-two week high of $144.46.

Walt Disney (NYSE:DIS – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The entertainment giant reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.30. The company had revenue of $23.51 billion during the quarter, compared to analysts’ expectations of $23.29 billion. Walt Disney had a return on equity of 6.72% and a net margin of 3.93%. Walt Disney’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 EPS. As a group, sell-side analysts predict that The Walt Disney Company will post 3.98 earnings per share for the current fiscal year.

Walt Disney Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.