Xcel Wealth Management LLC Purchases 6,397 Shares of The Walt Disney Company (NYSE:DIS)

Xcel Wealth Management LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 17.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,109 shares of the entertainment giant's stock after acquiring an additional 6,397 shares during the quarter. Walt Disney makes up 1.3% of Xcel Wealth Management LLC's portfolio, making the stock its 23rd biggest position. Xcel Wealth Management LLC's holdings in Walt Disney were worth $4,156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC lifted its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the 4th quarter valued at $32,000. Copia Wealth Management purchased a new stake in shares of Walt Disney in the 4th quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Walt Disney in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

DIS has been the topic of several recent research reports. Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Barclays increased their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities raised their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Five 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.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.83.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 $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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company's stock.

Walt Disney Trading Down 0.4%

Shares of DIS stock opened at $122.98 on Thursday. 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 company has a market cap of $221.09 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 1.81 and a beta of 1.56. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a fifty day moving average price of $110.52 and a 200-day moving average price of $106.21.

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

Walt Disney Company 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.

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