GK Wealth Management LLC Purchases 362 Shares of The Walt Disney Company $DIS

GK Wealth Management LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 13.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,058 shares of the entertainment giant’s stock after purchasing an additional 362 shares during the period. GK Wealth Management LLC’s holdings in Walt Disney were worth $302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney in the fourth quarter worth approximately $27,000. Kessler Investment Group LLC grew its holdings in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Copia Wealth Management bought a new position in shares of Walt Disney in the fourth quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Walt Disney in the fourth quarter worth approximately $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $115.91 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $208.40 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.70 and a beta of 1.55. The business has a fifty day simple moving average of $118.64 and a two-hundred day simple moving average of $108.95. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on DIS. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, September 4th. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

About Walt Disney

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.