The Walt Disney Company (NYSE:DIS) Shares Bought by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,278 shares of the entertainment giant’s stock after buying an additional 6,795 shares during the period. Walt Disney makes up about 1.9% of Mmbg Investment Advisors CO.’s holdings, making the stock its 11th biggest holding. Mmbg Investment Advisors CO.’s holdings in Walt Disney were worth $16,006,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DIS. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the 4th quarter valued at $26,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $28,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney during the third quarter worth about $30,000. Stone House Investment Management LLC lifted its stake 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 worth $31,000 after acquiring an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC purchased a new position in Walt Disney in the fourth quarter valued at about $33,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a 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. Barclays decreased their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Rosenblatt Securities increased their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, May 21st. One investment 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.29.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $1.22 during trading on Monday, hitting $102.76. The stock had a trading volume of 7,622,762 shares, compared to its average volume of 11,638,773. The business has a fifty day moving average of $108.92 and a two-hundred day moving average of $103.89. The firm has a market cap of $187.34 billion, a P/E ratio of 111.70, a PEG ratio of 1.26 and a beta of 1.40. 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 debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the prior year, the company earned $0.93 EPS. Walt Disney’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, 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 value of $466,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred 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 transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred 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 corporate insiders.

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.