IMS Capital Management Buys 246 Shares of The Walt Disney Company (NYSE:DIS)

IMS Capital Management grew its stake in The Walt Disney Company (NYSE:DIS) by 1.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,260 shares of the entertainment giant’s stock after purchasing an additional 246 shares during the quarter. Walt Disney comprises about 1.2% of IMS Capital Management’s holdings, making the stock its 24th biggest holding. IMS Capital Management’s holdings in Walt Disney were worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. ESL Trust Services LLC bought a new position in shares of Walt Disney in the 1st quarter worth about $31,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $33,000. Stone House Investment Management LLC boosted its position 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 worth $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Red Tortoise LLC grew its stake in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock traded down $3.48 during midday trading on Friday, hitting $89.57. The stock had a trading volume of 15,433,552 shares, compared to its average volume of 10,202,989. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a market capitalization of $163.29 billion, a PE ratio of 97.36, a P/E/G ratio of 1.15 and a beta of 1.40. The firm’s fifty day moving average is $98.39 and its two-hundred day moving average is $105.33. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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 firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts forecast that The Walt Disney Company will post 4.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Loop Capital lowered their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays dropped their target price on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. began coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. Finally, Evercore ISI decreased their price target on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $128.13.

Insider Activity

In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.