FNY Investment Advisers LLC Grows Stock Holdings in The Walt Disney Company (NYSE:DIS)

FNY Investment Advisers LLC raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 505.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,873 shares of the entertainment giant's stock after buying an additional 6,573 shares during the quarter. FNY Investment Advisers LLC's holdings in Walt Disney were worth $777,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DIS. Norges Bank purchased a new stake in shares of Walt Disney during the fourth quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $358,151,000. Finally, Boston Partners purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $350,707,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.6%

Shares of NYSE:DIS opened at $117.85 on Monday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The firm has a market capitalization of $211.86 billion, a price-to-earnings ratio of 38.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business's 50 day moving average price is $101.58 and its 200-day moving average price is $105.77.

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, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the firm posted $1.21 EPS. The business's revenue was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. UBS Group increased their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays increased their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Rosenblatt Securities increased their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Six investment 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. According to MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus target price of $123.96.

Insider Buying and Selling at Walt Disney

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 value of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by insiders.

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.

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