Oarsman Capital Inc. Has $1.25 Million Holdings in The Walt Disney Company $DIS

Key Points

• Oarsman Capital Inc. significantly increased its stake in The Walt Disney Company, acquiring an additional 11,422 shares during the first quarter, bringing its total holdings to 12,638 shares valued at approximately $1.25 million.
• Several hedge funds also adjusted their positions in Disney, with J. Safra Sarasin Holding AG growing its stake by 8.1%, while Rheos Capital Works Inc. boosted their holdings by an impressive 164.7%.
• Analysts have raised their price targets for Disney shares, with JPMorgan Chase & Co. and Guggenheim setting new targets at $138.00 and $140.00 respectively, reflecting strong market sentiment towards the stock.

Oarsman Capital Inc. raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 939.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,638 shares of the entertainment giant's stock after acquiring an additional 11,422 shares during the quarter. Oarsman Capital Inc.'s holdings in Walt Disney were worth $1,247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DIS. Nuveen LLC purchased a new position in Walt Disney during the 1st quarter valued at about $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Walt Disney by 1,900.0% during 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 acquiring an additional 5,449,158 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after acquiring an additional 3,016,339 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after acquiring an additional 2,578,004 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after buying an additional 2,446,087 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DIS shares. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Performance

DIS traded up $0.75 on Friday, hitting $118.39. The company had a trading volume of 5,210,979 shares, compared to its average volume of 8,595,832. The company's fifty day moving average price is $119.20 and its 200 day moving average price is $108.51. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $212.86 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the company earned $1.39 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.