Fire Capital Management LLC Buys New Shares in The Walt Disney Company (NYSE:DIS)

Fire Capital Management LLC acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,662 shares of the entertainment giant's stock, valued at approximately $1,410,000. Walt Disney comprises about 1.1% of Fire Capital Management LLC's investment portfolio, making the stock its 27th largest holding.

Other large investors have also recently bought and sold shares of the company. Trek Financial LLC grew its position 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 buying an additional 30,057 shares during the last quarter. Greystone Financial Group LLC grew its stake in Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock worth $9,486,000 after buying an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in Walt Disney during the fourth quarter worth approximately $446,000. Swedbank AB lifted its stake in Walt Disney by 14.4% in the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant's stock valued at $374,336,000 after buying an additional 422,339 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its holdings in shares of Walt Disney by 2.9% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant's stock valued at $397,667,000 after acquiring an additional 100,000 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of NYSE DIS traded up $1.03 during midday trading on Friday, hitting $113.05. The company had a trading volume of 12,878,557 shares, compared to its average volume of 10,067,040. 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The business has a 50-day simple moving average of $96.82 and a two-hundred day simple moving average of $105.55. The firm has a market capitalization of $203.24 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly 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. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business's revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 EPS. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. The Goldman Sachs Group increased their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Loop Capital raised their price target on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Guggenheim dropped their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.54.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company's stock.

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.