Objective Capital Management LLC Takes $258,000 Position in The Walt Disney Company (NYSE:DIS)

Objective Capital Management LLC acquired a new position in The Walt Disney Company (NYSE:DIS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,107 shares of the entertainment giant’s stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gold Investment Management Ltd. acquired a new position in Walt Disney during the fourth quarter worth $28,000. Stone House Investment Management LLC lifted its stake in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. ESL Trust Services LLC purchased a new position in Walt Disney during the 1st quarter valued at about $31,000. Partnership Wealth Management LLC acquired a new position in Walt Disney in the 4th quarter valued at about $33,000. Finally, Evolution Advisers Inc. increased its stake in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $3.48 during trading on Friday, reaching $89.57. The company’s stock had a trading volume of 15,433,552 shares, compared to its average volume of 10,202,989. The firm has a market cap of $163.29 billion, a PE ratio of 97.36, a P/E/G ratio of 1.15 and a beta of 1.40. The company has a 50-day moving average price of $98.39 and a two-hundred day moving average price of $105.24. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 4.77 EPS for the current year.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on DIS. Loop Capital lowered their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group dropped their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Moffett Nathanson reduced their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research note on Wednesday, July 3rd. Finally, Macquarie upped their price target on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $128.13.

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.