Harbor Capital Advisors Inc. Increases Position in The Walt Disney Company (NYSE:DIS)

Harbor Capital Advisors Inc. grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 66,259.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,341 shares of the entertainment giant's stock after purchasing an additional 70,235 shares during the period. Harbor Capital Advisors Inc.'s holdings in Walt Disney were worth $6,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney during the 4th quarter valued at $28,000. Tacita Capital Inc boosted its position in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the fourth quarter worth about $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the 4th quarter worth approximately $34,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $1.14 during midday trading on Thursday, hitting $118.38. The company's stock had a trading volume of 4,903,522 shares, compared to its average volume of 10,055,498. The company has a market cap of $212.82 billion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $120.50. The business's 50 day simple moving average is $100.15 and its 200 day simple moving average is $105.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business's revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $1.21 EPS. On average, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DIS shares. Guggenheim reduced their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. 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. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, 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. Six equities research 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 stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.96.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the firm'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 now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by company 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.