Rheos Capital Works Inc. raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 164.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 395,400 shares of the entertainment giant's stock after acquiring an additional 246,000 shares during the period. Walt Disney makes up 3.2% of Rheos Capital Works Inc.'s holdings, making the stock its 7th largest position. Rheos Capital Works Inc.'s holdings in Walt Disney were worth $39,026,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the fourth quarter valued at $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney in the 4th quarter valued at about $28,000. Tacita Capital Inc grew its holdings in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the fourth quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in Walt Disney in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Insider Activity at Walt Disney
In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were 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 now owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on DIS shares. Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday. Guggenheim reduced their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, UBS Group boosted their target price 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. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $123.96.
Check Out Our Latest Analysis on DIS
Walt Disney Stock Performance
Shares of DIS traded down $1.02 during trading hours on Thursday, hitting $118.50. The stock had a trading volume of 7,915,404 shares, compared to its average volume of 10,065,737. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The firm has a 50-day moving average price of $100.15 and a 200 day moving average price of $105.82. The firm has a market capitalization of $213.03 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.80 and a beta of 1.54.
Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.
Walt Disney Company Profile
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Free Report)
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.
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