Fairtree Asset Management Pty Ltd acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,802 shares of the entertainment giant's stock, valued at approximately $423,000.
Several other hedge funds have also recently bought and sold shares of the company. Chancellor Financial Group WB LP purchased a new stake in shares of Walt Disney during the fourth quarter worth $865,000. 111 Capital acquired a new stake in Walt Disney in the 4th quarter valued at about $5,356,000. Thoma Capital Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at about $1,034,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Walt Disney by 20.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,309,347 shares of the entertainment giant's stock worth $145,796,000 after buying an additional 219,549 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its position in shares of Walt Disney by 1.9% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 201,148 shares of the entertainment giant's stock worth $22,398,000 after buying an additional 3,699 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.
Insider Buying and Selling
In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.
Walt Disney Stock Performance
DIS traded up $1.03 on Friday, hitting $113.05. 12,878,557 shares of the company traded hands, compared to its average volume of 10,067,011. The company has a 50 day moving average of $97.05 and a 200-day moving average of $105.63. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The stock has a market capitalization of $203.24 billion, a PE ratio of 36.82, a PEG ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly 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. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The company's quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.
Analyst Upgrades and Downgrades
DIS has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. The Goldman Sachs Group increased their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. 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, Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.54.
Read Our Latest Report on Walt Disney
Walt Disney Company Profile
(
Free Report)
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.
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