Diamond Hill Capital Management Inc. Increases Holdings in The Walt Disney Company (NYSE:DIS)

Diamond Hill Capital Management Inc. grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 1,080.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,816,548 shares of the entertainment giant's stock after buying an additional 2,578,004 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.16% of Walt Disney worth $277,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. Planning Directions Inc. purchased a new position in shares of Walt Disney in the 1st quarter valued at approximately $326,000. Trek Financial LLC lifted its stake in shares of 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 purchasing an additional 30,057 shares during the period. WoodTrust Financial Corp lifted its stake in shares of Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after purchasing an additional 6,047 shares during the period. Bank of Stockton lifted its stake in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after purchasing an additional 383 shares during the period. Finally, Rheos Capital Works Inc. lifted its stake in shares of Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after purchasing an additional 246,000 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

Shares of DIS traded down $0.51 during trading hours on Friday, hitting $121.44. The stock had a trading volume of 5,587,104 shares, compared to its average volume of 7,479,350. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a market capitalization of $218.32 billion, a PE ratio of 24.83, a PEG ratio of 1.78 and a beta of 1.56. The stock has a fifty day moving average price of $117.97 and a 200 day moving average price of $107.35.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data 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 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Walt Disney's revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of analyst reports. Guggenheim raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Citigroup raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. 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. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $128.13.

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.