Certified Advisory Corp Purchases New Holdings in The Walt Disney Company (NYSE:DIS)

Certified Advisory Corp acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,664 shares of the entertainment giant’s stock, valued at approximately $1,143,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avitas Wealth Management LLC lifted its stake in Walt Disney by 2.2% in 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 boosted its position in shares of Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after acquiring an additional 2,304 shares during the last quarter. Telos Capital Management Inc. grew its holdings in shares of Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares in the last quarter. Stelac Advisory Services LLC increased its holdings in shares of Walt Disney by 7.7% in the 3rd quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock worth $5,598,000 after buying an additional 4,915 shares during the last quarter. Finally, Howard Capital Management Group LLC raised its position in shares of Walt Disney by 1.8% during the 4th quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock valued at $19,286,000 after buying an additional 3,716 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DIS shares. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. The Goldman Sachs Group lowered their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Wells Fargo & Company raised their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Stock Performance

Shares of DIS traded up $0.63 during trading hours on Wednesday, hitting $103.64. The stock had a trading volume of 3,030,227 shares, compared to its average volume of 11,964,519. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The firm has a market capitalization of $188.94 billion, a PE ratio of 112.57, a PEG ratio of 1.25 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The stock has a fifty day moving average price of $113.14 and a 200 day moving average price of $102.80.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. Analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current year.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was acquired 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 directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.