Schnieders Capital Management LLC Purchases 3,979 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Schnieders Capital Management LLC increased its stake in The Walt Disney Company by 34.7%, owning 15,452 shares valued at $1,525,000 as reported in their latest SEC filing.
• Other institutional investors have also increased their positions, with Rheos Capital Works Inc. raising its stake by a striking 164.7%, now holding 395,400 shares valued at $39 million.
• The Walt Disney Company's latest quarterly earnings revealed $1.45 earnings per share, exceeding analyst expectations of $1.21, with revenue reported at $23.62 billion.

Schnieders Capital Management LLC increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 34.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,452 shares of the entertainment giant's stock after buying an additional 3,979 shares during the quarter. Schnieders Capital Management LLC's holdings in Walt Disney were worth $1,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after buying an additional 1,904 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Walt Disney during the 4th quarter worth approximately $498,000. Waterloo Capital L.P. raised its holdings in shares of Walt Disney by 3.2% during the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after purchasing an additional 97 shares during the period. Polymer Capital Management US LLC bought a new position in Walt Disney in the fourth quarter worth about $380,000. Finally, Canopy Partners LLC acquired a new stake in Walt Disney in the fourth quarter worth $203,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on DIS shares. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and raised their price target for the company from $100.00 to $144.00 in a report on Monday, June 30th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Barclays lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Evercore ISI increased their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $129.83.

Walt Disney Price Performance

Shares of NYSE DIS traded down $2.28 during midday trading on Thursday, reaching $112.89. 15,471,053 shares of the company were exchanged, compared to its average volume of 8,322,005. The stock has a market cap of $202.94 billion, a P/E ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.56. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average price is $119.18 and its 200-day moving average price is $107.98.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president owned 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 accessible through the SEC website. Insiders own 0.16% of the company's stock.

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.