Heck Capital Advisors LLC Invests $436,000 in The Walt Disney Company (NYSE:DIS)

Heck Capital Advisors LLC bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,918 shares of the entertainment giant's stock, valued at approximately $436,000.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after buying an additional 809,989 shares in the last quarter. Northern Trust Corp grew its position in shares of Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after buying an additional 2,096,431 shares in the last quarter. Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter worth about $2,415,427,000. Jennison Associates LLC grew its position in shares of Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DIS shares. Prescient Securities decreased their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research note on Monday, April 21st. Guggenheim cut their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, UBS Group upped their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $0.81 on Wednesday, hitting $111.55. The company had a trading volume of 5,775,624 shares, compared to its average volume of 10,026,330. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The business has a 50 day moving average of $96.34 and a 200 day moving average of $105.46. The company has a market cap of $200.54 billion, a PE ratio of 36.34, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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.