Montag A & Associates Inc. Purchases 20,925 Shares of The Walt Disney Company (NYSE:DIS)

Montag A & Associates Inc. grew its position in The Walt Disney Company (NYSE:DIS) by 88.6% in the fourth quarter, Holdings Channel reports. The fund owned 44,550 shares of the entertainment giant’s stock after acquiring an additional 20,925 shares during the quarter. Montag A & Associates Inc.’s holdings in Walt Disney were worth $4,036,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DIS. Planned Solutions Inc. bought a new position in shares of Walt Disney during the 4th quarter worth about $26,000. Fortis Group Advisors LLC bought a new position in Walt Disney in the 3rd quarter valued at about $30,000. Stone House Investment Management LLC lifted its position in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Evolution Advisers Inc. lifted its position in Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in Walt Disney in the 3rd quarter valued at about $35,000. 65.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.3 %

DIS stock traded up $0.36 during midday trading on Thursday, hitting $105.80. The company had a trading volume of 14,945,125 shares, compared to its average volume of 12,135,098. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The stock has a market cap of $194.07 billion, a price-to-earnings ratio of 115.00, a PEG ratio of 1.39 and a beta of 1.40. The stock’s 50 day moving average price is $114.48 and its 200 day moving average price is $101.24.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Evercore ISI dropped their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Macquarie raised their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Tigress Financial reissued a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Argus upped their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.46.

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.