Chancellor Financial Group WB LP Takes $865,000 Position in The Walt Disney Company (NYSE:DIS)

Chancellor Financial Group WB LP purchased a new position in The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,769 shares of the entertainment giant’s stock, valued at approximately $865,000. Walt Disney accounts for about 0.7% of Chancellor Financial Group WB LP’s investment portfolio, making the stock its 27th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc increased its position in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the fourth quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in Walt Disney during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other 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 completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by insiders.

Walt Disney Stock Performance

Walt Disney stock opened at $112.32 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The stock has a market cap of $201.92 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.80 and a beta of 1.49. The stock’s 50 day simple moving average is $96.34 and its two-hundred day simple moving average is $105.46.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 EPS. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Barclays increased their target price on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Guggenheim cut their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.