McCollum Christoferson Group LLC Purchases New Holdings in Walt Disney Co (DIS)
McCollum Christoferson Group LLC purchased a new position in shares of Walt Disney Co (NYSE:DIS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 59,835 shares of the entertainment giant’s stock, valued at approximately $6,433,000. Walt Disney accounts for about 2.7% of McCollum Christoferson Group LLC’s portfolio, making the stock its 9th largest holding.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BKD Wealth Advisors LLC raised its holdings in Walt Disney by 3.8% in the 4th quarter. BKD Wealth Advisors LLC now owns 36,060 shares of the entertainment giant’s stock valued at $3,877,000 after buying an additional 1,313 shares during the period. Oakbrook Investments LLC raised its holdings in Walt Disney by 16.8% in the 4th quarter. Oakbrook Investments LLC now owns 359,424 shares of the entertainment giant’s stock valued at $38,642,000 after buying an additional 51,672 shares during the period. WealthTrust Arizona LLC raised its holdings in Walt Disney by 370.1% in the 4th quarter. WealthTrust Arizona LLC now owns 1,890 shares of the entertainment giant’s stock valued at $203,000 after buying an additional 1,488 shares during the period. Cardinal Capital Management Inc. purchased a new stake in Walt Disney in the 4th quarter valued at about $575,000. Finally, Westpac Banking Corp raised its holdings in Walt Disney by 23.1% in the 4th quarter. Westpac Banking Corp now owns 423,467 shares of the entertainment giant’s stock valued at $45,527,000 after buying an additional 79,505 shares during the period. Institutional investors and hedge funds own 61.65% of the company’s stock.
Walt Disney Co (DIS) opened at $102.99 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87. The company has a market capitalization of $154,863.59, a PE ratio of 17.05, a PEG ratio of 1.76 and a beta of 1.30. Walt Disney Co has a 52-week low of $96.20 and a 52-week high of $116.10.
Several analysts recently issued reports on the stock. Bank of America restated a “buy” rating and issued a $144.00 price objective (up from $130.00) on shares of Walt Disney in a report on Wednesday, January 10th. B. Riley boosted their price objective on shares of Walt Disney from $122.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Jefferies Group restated a “hold” rating and issued a $112.00 price objective on shares of Walt Disney in a report on Wednesday, February 7th. Sanford C. Bernstein set a $100.00 target price on Walt Disney and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, Vetr raised Walt Disney from a “buy” rating to a “strong-buy” rating and set a $118.52 target price for the company in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $118.59.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the transaction, the director now directly owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.
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Walt Disney Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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