Kowal Investment Group LLC Acquires Shares of 2,099 The Walt Disney Company (NYSE:DIS)

Kowal Investment Group LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,099 shares of the entertainment giant’s stock, valued at approximately $257,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth about $26,000. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney during the fourth quarter worth about $28,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney during the third quarter worth about $30,000. Stone House Investment Management LLC increased its stake in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $98.02 on Tuesday. The firm’s 50 day moving average price is $104.76 and its 200-day moving average price is $104.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The firm has a market cap of $178.69 billion, a P/E ratio of 106.54, a P/E/G ratio of 1.23 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 EPS. As a group, equities research analysts predict that The Walt Disney Company will post 4.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Guggenheim upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $126.50.

Insiders Place Their Bets

In other Walt Disney news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

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.