KMG Fiduciary Partners LLC Raises Stock Position in The Walt Disney Company (NYSE:DIS)

KMG Fiduciary Partners LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,014 shares of the entertainment giant’s stock after buying an additional 3,863 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Walt Disney were worth $6,487,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Walt Disney by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after buying an additional 1,555,748 shares during the period. Morgan Stanley grew its position in shares of Walt Disney by 0.4% during the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after buying an additional 195,512 shares in the last quarter. Trian Fund Management L.P. raised its holdings in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Walt Disney by 10.6% during the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Walt Disney during the fourth quarter valued at about $1,938,647,000. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

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

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.28 during trading on Friday, reaching $102.12. The company had a trading volume of 7,122,647 shares, compared to its average volume of 11,426,808. The firm has a market capitalization of $186.17 billion, a price-to-earnings ratio of 111.14, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock’s fifty day moving average price is $106.14 and its 200 day moving average price is $104.16.

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 the consensus estimate 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 quarter in the previous year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that The Walt Disney Company will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. started coverage on Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective for the company. Macquarie increased their price objective on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company increased their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Rosenblatt Securities increased their price objective on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Loop Capital upped their price target on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $126.29.

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.