IMG Wealth Management Inc. Makes New Investment in The Walt Disney Company (NYSE:DIS)

IMG Wealth Management Inc. purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,655 shares of the entertainment giant’s stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. United Bank boosted its holdings in Walt Disney by 6.2% during the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares during the last quarter. Mizuho Securities USA LLC raised its position in Walt Disney by 2.9% during the third quarter. Mizuho Securities USA LLC now owns 144,684 shares of the entertainment giant’s stock worth $13,917,000 after acquiring an additional 4,124 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Walt Disney by 4.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,172,668 shares of the entertainment giant’s stock worth $208,989,000 after acquiring an additional 92,437 shares in the last quarter. BCGM Wealth Management LLC raised its position in Walt Disney by 2.4% during the third quarter. BCGM Wealth Management LLC now owns 22,035 shares of the entertainment giant’s stock worth $2,120,000 after acquiring an additional 516 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC raised its position in shares of Walt Disney by 272.0% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 9,727 shares of the entertainment giant’s stock valued at $936,000 after purchasing an additional 7,112 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

DIS stock opened at $98.73 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a market capitalization of $178.48 billion, a P/E ratio of 32.16, a PEG ratio of 1.80 and a beta of 1.41. The company has a fifty day moving average price of $109.10 and a 200-day moving average price of $104.45.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

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.