Nkcfo LLC Invests $7.94 Million in Walt Disney Co (DIS)

Nkcfo LLC acquired a new stake in shares of Walt Disney Co (NYSE:DIS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 72,424 shares of the entertainment giant’s stock, valued at approximately $7,941,000. Walt Disney makes up 6.2% of Nkcfo LLC’s investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Boltwood Capital Management boosted its holdings in Walt Disney by 0.4% in the 4th quarter. Boltwood Capital Management now owns 22,637 shares of the entertainment giant’s stock worth $2,482,000 after buying an additional 94 shares during the period. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Walt Disney by 0.8% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 13,091 shares of the entertainment giant’s stock worth $1,435,000 after purchasing an additional 100 shares in the last quarter. Inspirion Wealth Advisors LLC lifted its stake in Walt Disney by 5.3% in the 4th quarter. Inspirion Wealth Advisors LLC now owns 1,987 shares of the entertainment giant’s stock worth $218,000 after purchasing an additional 100 shares in the last quarter. Cahaba Wealth Management Inc. lifted its stake in Walt Disney by 3.9% in the 4th quarter. Cahaba Wealth Management Inc. now owns 2,706 shares of the entertainment giant’s stock worth $296,000 after purchasing an additional 101 shares in the last quarter. Finally, Capstone Financial Advisors Inc. lifted its stake in Walt Disney by 3.4% in the 3rd quarter. Capstone Financial Advisors Inc. now owns 3,294 shares of the entertainment giant’s stock worth $385,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 64.61% of the company’s stock.

Shares of DIS traded up $1.98 during trading hours on Monday, reaching $132.04. 32,410,047 shares of the company traded hands, compared to its average volume of 11,936,059. The firm has a market capitalization of $193.89 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 3.22 and a beta of 0.91. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. Walt Disney Co has a 12 month low of $97.68 and a 12 month high of $132.70.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.27. The firm had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 EPS. On average, research analysts forecast that Walt Disney Co will post 6.88 EPS for the current fiscal year.

In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $113.60, for a total value of $227,200.00. Following the completion of the transaction, the executive vice president now directly owns 26,517 shares of the company’s stock, valued at $3,012,331.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,042 shares of company stock valued at $4,713,677. 0.36% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on DIS shares. BMO Capital Markets raised their price objective on shares of Walt Disney from $109.00 to $114.00 and gave the company a “market perform” rating in a research report on Thursday, February 7th. Credit Suisse Group restated a “hold” rating and set a $114.00 price objective on shares of Walt Disney in a research report on Tuesday, January 22nd. Edward Jones upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Tigress Financial restated a “buy” rating on shares of Walt Disney in a research report on Tuesday, February 12th. Finally, Cowen upgraded shares of Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 target price on the stock in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company. Walt Disney has a consensus rating of “Buy” and a consensus target price of $129.67.

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About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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