Arkfeld Wealth Strategies L.L.C. Boosts Position in The Walt Disney Company (NYSE:DIS)

Arkfeld Wealth Strategies L.L.C. raised its stake in The Walt Disney Company (NYSE:DIS) by 12.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,422 shares of the entertainment giant’s stock after buying an additional 381 shares during the period. Arkfeld Wealth Strategies L.L.C.’s holdings in Walt Disney were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in DIS. Planned Solutions Inc. bought a new position in Walt Disney during the 4th quarter worth about $26,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Fortis Group Advisors LLC purchased a new position in Walt Disney during the third quarter valued at approximately $30,000. Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the period. Finally, Partnership Wealth Management LLC bought a new position in Walt Disney in the fourth quarter worth approximately $33,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

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

Walt Disney Price Performance

Shares of DIS traded down $0.02 during mid-day trading on Wednesday, hitting $102.18. 9,539,046 shares of the company were exchanged, compared to its average volume of 11,426,847. The stock has a market cap of $186.28 billion, a price-to-earnings ratio of 111.07, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a 50 day moving average of $105.45 and a 200-day moving average of $104.55. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last announced 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. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 EPS. Analysts expect that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Bank of America raised their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Morgan Stanley raised their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research note on Tuesday, May 7th. Barclays decreased their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Finally, Macquarie increased their price target on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.50.

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.