Shum Financial Group Inc. Takes Position in The Walt Disney Company (NYSE:DIS)

Shum Financial Group Inc. bought a new stake in The Walt Disney Company (NYSE:DIS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,386 shares of the entertainment giant’s stock, valued at approximately $714,000.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney during the 2nd quarter valued at approximately $32,000. Mascoma Wealth Management LLC raised its stake in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank increased its position in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the period. Iron Horse Wealth Management LLC increased its position in Walt Disney by 148.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after purchasing an additional 333 shares during the period. Finally, Livelsberger Financial Advisory acquired a new position in Walt Disney during the 3rd quarter worth approximately $57,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS stock traded up $0.04 during mid-day trading on Tuesday, reaching $116.04. The company had a trading volume of 1,116,446 shares, compared to its average volume of 10,963,070. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The stock’s 50-day simple moving average is $98.57 and its two-hundred day simple moving average is $96.79. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $210.14 billion, a P/E ratio of 42.80, a P/E/G ratio of 2.15 and a beta of 1.40.

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Needham & Company LLC boosted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Wells Fargo & Company boosted their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI lifted their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney 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.