IMS Capital Management Purchases 246 Shares of The Walt Disney Company (NYSE:DIS)

IMS Capital Management raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,260 shares of the entertainment giant’s stock after acquiring an additional 246 shares during the quarter. Walt Disney makes up approximately 1.2% of IMS Capital Management’s holdings, making the stock its 24th biggest position. IMS Capital Management’s holdings in Walt Disney were worth $2,479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. Vaughan Nelson Investment Management L.P. grew its stake in shares of Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after buying an additional 916,772 shares in the last quarter. Avitas Wealth Management LLC increased its stake in shares of Walt Disney by 2.2% during 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 during the last quarter. Telos Capital Management Inc. increased its stake in shares of Walt Disney by 1.7% during the 4th 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 during the last quarter. Valmark Advisers Inc. raised its holdings in shares of Walt Disney by 4.9% in the 4th quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock valued at $699,000 after purchasing an additional 359 shares during the period. Finally, Jennison Associates LLC acquired a new stake in Walt Disney in the 1st quarter valued at about $1,490,492,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walt Disney 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 bought at an average price of $106.03 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on 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 SEC, which is accessible through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by corporate insiders.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $3.48 during trading on Friday, hitting $89.57. 15,433,552 shares of the company were exchanged, compared to its average volume of 10,202,989. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a market capitalization of $163.29 billion, a P/E ratio of 97.36, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The business’s 50 day moving average is $98.39 and its 200-day moving average is $105.33.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Moffett Nathanson dropped 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. Macquarie lifted their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Wells Fargo & Company increased their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Argus lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company 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.