Neo Ivy Capital Management Buys New Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Neo Ivy Capital Management acquired 17,416 shares of The Walt Disney Company, valued at approximately $1.72 million, during the first quarter.
• Institutional investors collectively own 65.71% of Walt Disney's stock, with multiple firms significantly increasing their holdings during the fourth quarter.
• The latest financial report indicated a quarterly EPS of $1.45, exceeding analyst expectations, along with a revenue of $23.62 billion, marking a 7% year-over-year increase.

Neo Ivy Capital Management bought a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 17,416 shares of the entertainment giant's stock, valued at approximately $1,719,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the 4th quarter valued at approximately $27,000. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the fourth quarter worth $32,000. Copia Wealth Management acquired a new position in shares of Walt Disney in the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president owned 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 legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 0.8%

Shares of DIS traded down $1.00 on Monday, hitting $120.47. 2,497,131 shares of the stock traded hands, compared to its average volume of 9,795,775. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $216.57 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.78 and a beta of 1.56. The stock's 50 day moving average is $117.97 and its two-hundred day moving average is $107.34. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly 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 company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent analyst reports. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Guggenheim boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $128.13.

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.