RVW Wealth LLC Has $1.58 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Key Points

• RVW Wealth LLC significantly increased its stake in Walt Disney by 121.7%, acquiring 16,008 shares valued at approximately $1.58 million during the first quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Disney stock, with a target price average of $128.70, following several upgrades by firms including Rosenblatt Securities and JPMorgan Chase & Co..
• Walt Disney reported strong financials for its latest quarter, with an EPS of $1.45, exceeding estimates, and a revenue increase of 7.0% year-over-year.

RVW Wealth LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 121.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,008 shares of the entertainment giant's stock after purchasing an additional 8,787 shares during the period. RVW Wealth LLC's holdings in Walt Disney were worth $1,580,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup upped their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. UBS Group increased their price objective on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, JPMorgan Chase & Co. increased their target price on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $128.70.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Walt Disney Trading Down 2.1%

Shares of NYSE:DIS traded down $2.54 during midday trading on Friday, hitting $116.57. The company had a trading volume of 8,509,376 shares, compared to its average volume of 6,590,457. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a market cap of $209.56 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.74 and a beta of 1.56. The firm has a fifty day simple moving average of $118.62 and a 200 day simple moving average of $107.66.

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, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. On average, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.