The Walt Disney Company (NYSE:DIS) Director James P. Gorman Acquires 20,000 Shares of Stock

The Walt Disney Company (NYSE:DIS) Director James P. Gorman acquired 20,000 shares of the company’s 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 purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $105.80 on Friday. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $114.48 and its two-hundred day moving average price is $101.24. The stock has a market cap of $194.07 billion, a PE ratio of 115.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its 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. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DIS shares. Evercore ISI dropped their price target on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday. Guggenheim boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Argus increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Macquarie boosted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.46.

Institutional Investors Weigh In On Walt Disney

Several large investors have recently modified their holdings of the stock. Avitas Wealth Management LLC grew its position in Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares in the last quarter. WNY Asset Management LLC raised its position in Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the period. Pathway Financial Advisors LLC lifted its stake in Walt Disney by 4.9% in the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares in the last quarter. Telos Capital Management Inc. boosted its position in Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares during the period. Finally, Tempus Wealth Planning LLC grew its stake in Walt Disney by 4.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after acquiring an additional 546 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

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.