Hedeker Wealth LLC Has $2.08 Million Position in The Walt Disney Company (NYSE:DIS)

Hedeker Wealth LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 19.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,955 shares of the entertainment giant’s stock after selling 4,177 shares during the quarter. Hedeker Wealth LLC’s holdings in Walt Disney were worth $2,075,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DIS. Norges Bank bought a new position in Walt Disney in the 4th quarter valued at approximately $1,938,647,000. ValueAct Holdings L.P. bought a new position in Walt Disney in the 4th quarter valued at approximately $459,245,000. International Assets Investment Management LLC raised its holdings in Walt Disney by 8,681.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after buying an additional 3,311,563 shares during the last quarter. California Public Employees Retirement System raised its holdings in Walt Disney by 34.8% in the 4th quarter. California Public Employees Retirement System now owns 6,646,336 shares of the entertainment giant’s stock valued at $600,098,000 after buying an additional 1,716,259 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Walt Disney by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after buying an additional 1,555,748 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James P. Gorman acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, 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. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DIS. Rosenblatt Securities raised their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Macquarie raised 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. Bank of America raised their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. UBS Group lowered their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Finally, Evercore ISI lowered their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Stock Up 0.6 %

DIS traded up $0.55 during mid-day trading on Wednesday, reaching $98.54. 1,131,714 shares of the stock were exchanged, compared to its average volume of 11,450,767. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The stock has a market capitalization of $179.64 billion, a PE ratio of 106.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a 50 day moving average price of $104.48 and a two-hundred day moving average price of $104.77. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

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

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.