Blume Capital Management Inc. Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Blume Capital Management Inc. lifted its position in The Walt Disney Company (NYSE:DIS) by 0.2% during the 4th quarter, HoldingsChannel reports. The firm owned 91,193 shares of the entertainment giant’s stock after buying an additional 180 shares during the period. Walt Disney comprises about 2.2% of Blume Capital Management Inc.’s investment portfolio, making the stock its 16th biggest position. Blume Capital Management Inc.’s holdings in Walt Disney were worth $8,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Planned Solutions Inc. bought a new stake in Walt Disney in the fourth quarter worth $26,000. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney in the 3rd quarter valued at about $30,000. Stone House Investment Management LLC boosted its holdings in Walt Disney by 355.3% during 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 during the period. Evolution Advisers Inc. grew its position in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after acquiring an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in Walt Disney in the third quarter valued at approximately $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on DIS. Wells Fargo & Company lifted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Evercore ISI reduced their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday. Bank of America lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. The Goldman Sachs Group decreased their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Guggenheim raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $126.46.

Walt Disney Stock Performance

Walt Disney stock traded up $0.35 during mid-day trading on Thursday, hitting $105.79. The company had a trading volume of 4,472,714 shares, compared to its average volume of 11,998,146. 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 company has a market capitalization of $194.05 billion, a price-to-earnings ratio of 65.12, a P/E/G ratio of 1.39 and a beta of 1.40. The company’s fifty day moving average is $114.59 and its 200-day moving average is $101.21. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same period last year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 4.7 EPS 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.