Suvretta Capital Management LLC Purchases Shares of 94,580 The Walt Disney Company (NYSE:DIS)

Suvretta Capital Management LLC purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 94,580 shares of the entertainment giant's stock, valued at approximately $10,531,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Trek Financial LLC grew its stake in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after acquiring an additional 30,057 shares during the period. Greystone Financial Group LLC grew its stake in Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after acquiring an additional 9,967 shares during the period. FourThought Financial Partners LLC acquired a new stake in Walt Disney in the 4th quarter valued at $446,000. Avanza Fonder AB acquired a new stake in Walt Disney in the 4th quarter valued at $15,125,000. Finally, Swedbank AB grew its stake in Walt Disney by 14.4% in the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant's stock valued at $374,336,000 after acquiring an additional 422,339 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Down 0.7%

NYSE:DIS traded down $0.83 on Monday, reaching $112.59. 7,204,864 shares of the company's stock were exchanged, compared to its average volume of 10,028,774. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $202.41 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The business has a fifty day moving average of $94.62 and a 200-day moving average of $104.79. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

DIS has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Prescient Securities lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Barclays lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. UBS Group lifted their price target on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group lifted their price target on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.54.

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.