Main Street Research LLC Purchases Shares of 1,830 The Walt Disney Company (NYSE:DIS)

Main Street Research LLC acquired a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,830 shares of the entertainment giant’s stock, valued at approximately $205,000.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Tacita Capital Inc grew its stake in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. Midwest Capital Advisors LLC purchased a new stake in Walt Disney in the 4th quarter worth $34,000. Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $35,000. Finally, Vision Financial Markets LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $105.58 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm has a market capitalization of $190.87 billion, a PE ratio of 34.39, a P/E/G ratio of 1.80 and a beta of 1.41. The business’s 50 day moving average price is $110.30 and its 200-day moving average price is $104.16.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Sanford C. Bernstein increased their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group began coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Six 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 company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

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.