WCG Wealth Advisors LLC Acquires 2,611 Shares of The Walt Disney Company (NYSE:DIS)

WCG Wealth Advisors LLC raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,645 shares of the entertainment giant's stock after acquiring an additional 2,611 shares during the quarter. WCG Wealth Advisors LLC's holdings in Walt Disney were worth $4,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after acquiring an additional 809,989 shares during the last quarter. Northern Trust Corp boosted its stake in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares during the last quarter. Norges Bank purchased a new position in Walt Disney in the fourth quarter valued at about $2,415,427,000. Jennison Associates LLC lifted its stake in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock valued at $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $2.90 during trading on Tuesday, reaching $112.62. The company had a trading volume of 3,915,588 shares, compared to its average volume of 10,018,802. The company has a fifty day moving average of $96.07 and a two-hundred day moving average of $105.37. The stock has a market capitalization of $202.47 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

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

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on DIS. Loop Capital upped their price target 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. The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Rosenblatt Securities restated a "buy" rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $123.54.

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.