Geneos Wealth Management Inc. Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Geneos Wealth Management Inc. significantly increased its shareholding in Walt Disney by 290.5%, now owning over 102,000 shares valued at approximately $10 million as of the latest SEC filing.
• Furthermore, several hedge funds have enhanced their stakes in Disney, with Trek Financial LLC's position rising by 479.9% from the previous quarter.
• Walt Disney's stock recently opened at $120.36, with a market cap of $216.38 billion and positive quarterly earnings, beating expectations with $1.45 earnings per share.

Geneos Wealth Management Inc. boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 290.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,216 shares of the entertainment giant's stock after acquiring an additional 76,037 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Walt Disney were worth $10,089,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the 4th quarter worth about $27,000. Kessler Investment Group LLC increased its holdings in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $32,000. Finally, Copia Wealth Management acquired a new stake in shares of Walt Disney during the fourth quarter worth approximately $36,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

Shares of DIS traded down $0.44 during trading hours on Tuesday, hitting $119.93. The stock had a trading volume of 6,212,437 shares, compared to its average volume of 6,719,698. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a fifty day moving average price of $118.28 and a 200 day moving average price of $107.51. The firm has a market capitalization of $215.60 billion, a PE ratio of 24.53, a PEG ratio of 1.76 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on DIS shares. UBS Group lifted their price target on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Rosenblatt Securities raised their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Guggenheim boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.70.

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.