ABC Arbitrage SA Acquires Shares of 15,396 The Walt Disney Company (NYSE:DIS)

Key Points

• ABC Arbitrage SA has acquired 15,396 shares of The Walt Disney Company, valued at approximately $1.52 million, according to its latest 13F filing with the SEC.
• Recent updates show that Brighton Jones LLC and several other hedge funds have increased their stakes in Disney, reflecting strong institutional interest with 65.71% of the stock owned by institutional investors.
• Walt Disney's share price recently opened at $119.38, and it has a market capitalization of around $214.62 billion, with analysts predicting an EPS of $5.47 for the current year.

ABC Arbitrage SA purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,396 shares of the entertainment giant's stock, valued at approximately $1,520,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Walt Disney during the fourth quarter valued at about $498,000. Titleist Asset Management LLC lifted its holdings in shares of Walt Disney by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 7,397 shares of the entertainment giant's stock worth $824,000 after buying an additional 224 shares in the last quarter. Waterloo Capital L.P. boosted its position in shares of Walt Disney by 3.2% in the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after acquiring an additional 97 shares during the period. Finally, Wellspring Financial Advisors LLC grew its stake in Walt Disney by 12.0% during the fourth quarter. Wellspring Financial Advisors LLC now owns 2,567 shares of the entertainment giant's stock valued at $286,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Up 2.4%

Shares of DIS opened at $119.38 on Tuesday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization of $214.62 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.71 and a beta of 1.56. The firm's 50-day moving average price is $118.95 and its 200-day moving average price is $107.82. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the company earned $1.21 EPS. The business's 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 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on DIS shares. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Rosenblatt Securities upped their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $129.83.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company'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 sale, the executive vice president owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

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.

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