KMG Fiduciary Partners LLC Grows Stock Holdings in The Walt Disney Company (NYSE:DIS)

KMG Fiduciary Partners LLC increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,107 shares of the entertainment giant's stock after acquiring an additional 2,229 shares during the period. KMG Fiduciary Partners LLC's holdings in Walt Disney were worth $5,834,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the 4th quarter worth approximately $28,000. Tacita Capital Inc raised its holdings in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the 4th quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $34,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent analyst reports. Barclays boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Guggenheim decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research note on Monday, April 21st. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Trading Up 1.3%

NYSE:DIS opened at $113.95 on Friday. The firm has a market capitalization of $204.85 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business has a fifty day moving average price of $98.47 and a 200-day moving average price of $105.76. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.

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