Transform Wealth LLC Takes $6.67 Million Position in The Walt Disney Company (NYSE:DIS)

Transform Wealth LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the first quarter, Holdings Channel reports. The firm purchased 54,506 shares of the entertainment giant’s stock, valued at approximately $6,669,000.

Other large investors have also added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new stake in Walt Disney during the fourth quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney in the 4th quarter valued at $28,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney in the 3rd quarter valued at $30,000. Stone House Investment Management LLC boosted its holdings in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a report on Tuesday, May 7th. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday. They issued a “buy” rating and a $125.00 price target for the company. UBS Group dropped their price target on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Rosenblatt Securities raised their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.50.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $2.71 during mid-day trading on Friday, hitting $99.46. 8,130,086 shares of the stock were exchanged, compared to its average volume of 11,377,140. 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 company has a market capitalization of $181.32 billion, a P/E ratio of 110.87, a P/E/G ratio of 1.27 and a beta of 1.40. The company has a 50-day simple moving average of $105.23 and a 200 day simple moving average of $104.53. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. Sell-side analysts anticipate that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

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.