Inlight Wealth Management LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Inlight Wealth Management LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,085 shares of the entertainment giant’s stock, valued at approximately $107,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First PREMIER Bank increased its stake in Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after buying an additional 205 shares during the period. Garde Capital Inc. increased its stake in Walt Disney by 17.4% during the 1st quarter. Garde Capital Inc. now owns 2,650 shares of the entertainment giant’s stock worth $262,000 after buying an additional 393 shares during the period. First American Bank increased its stake in Walt Disney by 0.4% during the 1st quarter. First American Bank now owns 57,751 shares of the entertainment giant’s stock worth $5,700,000 after buying an additional 204 shares during the period. Nilsine Partners LLC increased its stake in Walt Disney by 0.8% during the 1st quarter. Nilsine Partners LLC now owns 38,695 shares of the entertainment giant’s stock worth $3,819,000 after buying an additional 324 shares during the period. Finally, Aspire Private Capital LLC increased its stake in Walt Disney by 65.1% during the 1st quarter. Aspire Private Capital LLC now owns 7,438 shares of the entertainment giant’s stock worth $734,000 after buying an additional 2,932 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Barclays upped their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Six investment 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.96.

Walt Disney Price Performance

NYSE DIS opened at $117.61 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $120.50. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a market cap of $211.44 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54. The company has a 50-day moving average price of $104.69 and a two-hundred day moving average price of $105.80.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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.