Founders Financial Securities LLC Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Founders Financial Securities LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 10.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,470 shares of the entertainment giant’s stock after purchasing an additional 1,235 shares during the quarter. Founders Financial Securities LLC’s holdings in Walt Disney were worth $1,648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DIS. Foguth Wealth Management LLC. bought a new stake in shares of Walt Disney during the first quarter valued at approximately $290,000. Brown Miller Wealth Management LLC boosted its stake in Walt Disney by 27.7% during the 1st quarter. Brown Miller Wealth Management LLC now owns 32,602 shares of the entertainment giant’s stock valued at $3,989,000 after purchasing an additional 7,072 shares during the last quarter. Vicus Capital increased its holdings in shares of Walt Disney by 27.0% in the 1st quarter. Vicus Capital now owns 7,501 shares of the entertainment giant’s stock worth $918,000 after purchasing an additional 1,595 shares in the last quarter. Investment Research & Advisory Group Inc. raised its stake in shares of Walt Disney by 56.0% in the first quarter. Investment Research & Advisory Group Inc. now owns 29,617 shares of the entertainment giant’s stock worth $3,624,000 after purchasing an additional 10,629 shares during the last quarter. Finally, Grimes & Company Inc. lifted its holdings in shares of Walt Disney by 1,451.3% during the first quarter. Grimes & Company Inc. now owns 165,870 shares of the entertainment giant’s stock valued at $20,296,000 after purchasing an additional 155,178 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Rosenblatt Securities boosted 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. Evercore ISI lowered their price objective on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday. They set a “buy” rating and a $125.00 target price for the company. Finally, Wells Fargo & Company raised their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.50.

Insider Buying and Selling

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

Walt Disney Price Performance

Shares of Walt Disney stock traded down $2.88 during trading hours on Friday, hitting $99.29. The company’s stock had a trading volume of 21,439,416 shares, compared to its average volume of 8,740,152. The company has a market cap of $181.01 billion, a PE ratio of 107.93, a PEG ratio of 1.27 and a beta of 1.40. 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 business has a 50 day moving average price of $104.76 and a two-hundred day moving average price of $104.66. 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. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

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.