Hurlow Wealth Management Group Inc. Takes Position in The Walt Disney Company (NYSE:DIS)

Hurlow Wealth Management Group Inc. purchased a new stake in The Walt Disney Company (NYSE:DIS) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,181 shares of the entertainment giant’s stock, valued at approximately $267,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney during the 4th quarter worth $28,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney during the third quarter worth $30,000. Stone House Investment Management LLC raised its position in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the last quarter. Finally, Partnership Wealth Management LLC purchased a new position in shares of Walt Disney in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.0 %

Shares of DIS traded down $0.02 during mid-day trading on Thursday, hitting $102.16. 8,361,176 shares of the company’s stock were exchanged, compared to its average volume of 11,405,730. The stock’s 50-day moving average is $105.23 and its 200-day moving average is $104.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a market cap of $186.24 billion, a price-to-earnings ratio of 110.87, a P/E/G ratio of 1.27 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its 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. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period in the prior year, the business earned $0.93 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DIS. Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Wells Fargo & Company increased their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Guggenheim boosted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Morgan Stanley raised their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $126.50.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost 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 $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Walt Disney Company 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.