TCW Group Inc. Grows Position in The Walt Disney Company (NYSE:DIS)

Key Points

• TCW Group Inc. increased its holdings in The Walt Disney Company by 7.1% during the 1st quarter, now owning approximately 824,496 shares valued at $81.38 million.
• Several major institutional investors, including Geode Capital Management LLC and Northern Trust Corp, also reported significant increases in their stakes in Disney, indicating strong institutional interest in the company.
• Analysts have raised their price targets for Disney, with multiple firms, including Guggenheim and Barclays, now targeting $140, reflecting a positive outlook for the company's stock.

TCW Group Inc. grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 7.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 824,496 shares of the entertainment giant's stock after acquiring an additional 54,979 shares during the period. TCW Group Inc.'s holdings in Walt Disney were worth $81,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney in the 4th quarter valued at about $27,000. Kessler Investment Group LLC grew its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney in the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new position in shares of Walt Disney in the 4th quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Walt Disney during the fourth quarter valued at approximately $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on 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 directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company's stock.

Walt Disney Trading Up 0.1%

Shares of Walt Disney stock traded up $0.13 during trading on Wednesday, reaching $120.04. 2,060,386 shares of the company were exchanged, compared to its average volume of 9,741,868. The firm has a market capitalization of $215.81 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 1.76 and a beta of 1.56. The business has a 50-day moving average price of $118.28 and a 200-day moving average price of $107.51. 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the firm posted $1.21 EPS. The company's quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on DIS. Barclays upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, 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 report on Monday, April 21st. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $128.70.

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.