The Walt Disney Company (NYSE:DIS) Shares Purchased by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. lifted its stake in The Walt Disney Company (NYSE:DIS) by 2.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,700 shares of the entertainment giant’s stock after purchasing an additional 265 shares during the period. Stockman Wealth Management Inc.’s holdings in The Walt Disney were worth $1,757,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JFG Wealth Management LLC acquired a new stake in shares of The Walt Disney in the third quarter valued at approximately $26,000. Flagship Private Wealth LLC acquired a new stake in shares of The Walt Disney in the fourth quarter valued at approximately $27,000. Kinloch Capital LLC acquired a new stake in shares of The Walt Disney in the fourth quarter valued at approximately $28,000. Klaas Financial Asset Advisors LLC acquired a new stake in shares of The Walt Disney in the fourth quarter valued at approximately $33,000. Finally, Insight Financial Services acquired a new stake in The Walt Disney during the fourth quarter worth $34,000. 62.83% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Mary Jayne Parker sold 9,731 shares of the company’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $152.99, for a total transaction of $1,488,745.69. Following the completion of the sale, the executive vice president now directly owns 9,731 shares in the company, valued at approximately $1,488,745.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert A. Iger sold 478,003 shares of the company’s stock in a transaction on Wednesday, January 20th. The stock was sold at an average price of $175.92, for a total value of $84,090,287.76. Following the sale, the chairman now owns 1,656,157 shares of the company’s stock, valued at $291,351,139.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,079,704 shares of company stock worth $192,927,683. Corporate insiders own 0.31% of the company’s stock.

Several equities research analysts have issued reports on DIS shares. Evercore ISI raised their target price on The Walt Disney from $200.00 to $210.00 in a research note on Friday, February 12th. Sanford C. Bernstein reissued a “neutral” rating and set a $124.00 target price on shares of The Walt Disney in a research note on Friday, February 12th. Stephens started coverage on The Walt Disney in a research note on Friday, December 11th. They set a “buy” rating for the company. Argus raised their target price on The Walt Disney from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, February 17th. Finally, Royal Bank of Canada raised The Walt Disney from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $124.00 to $170.00 in a research note on Friday, November 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $180.06.

DIS stock opened at $191.76 on Tuesday. The Walt Disney Company has a 1 year low of $79.07 and a 1 year high of $194.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.32. The stock’s 50 day moving average price is $178.00 and its 200 day moving average price is $149.05. The firm has a market cap of $348.10 billion, a P/E ratio of -120.60, a PEG ratio of 5.07 and a beta of 1.20.

The Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.77. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%. On average, research analysts predict that The Walt Disney Company will post 1.69 earnings per share for the current year.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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