The Walt Disney Company (NYSE:DIS) Shares Bought by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,242 shares of the entertainment giant's stock after purchasing an additional 2,423 shares during the period. Spectrum Asset Management Inc. NB CA's holdings in Walt Disney were worth $2,886,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DIS. Geode Capital Management LLC raised its position in Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp increased its position in shares of Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares during the period. Norges Bank purchased a new position in shares of Walt Disney in the fourth quarter valued at about $2,415,427,000. Bank of New York Mellon Corp increased its position in shares of Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock valued at $1,904,563,000 after acquiring an additional 2,300,912 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Walt Disney by 21.8% in the fourth 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 during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

DIS traded down $1.02 during trading on Thursday, hitting $118.50. 7,915,404 shares of the company traded hands, compared to its average volume of 10,069,840. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The company has a market cap of $213.03 billion, a PE ratio of 38.60, a P/E/G ratio of 1.80 and a beta of 1.54. The stock's 50-day simple moving average is $100.15 and its two-hundred day simple moving average is $105.82. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday. Guggenheim decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Rosenblatt Securities boosted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $123.96.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following 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 represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

Walt Disney Company 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.