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

Wafra Inc. lifted its stake in The Walt Disney Company (NYSE:DISFree Report) by 174.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,497 shares of the entertainment giant’s stock after buying an additional 32,097 shares during the quarter. Wafra Inc.’s holdings in Walt Disney were worth $4,559,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Planned Solutions Inc. bought a new stake in Walt Disney in the fourth quarter worth $26,000. Fortis Group Advisors LLC bought a new stake in Walt Disney in the third quarter worth $30,000. Stone House Investment Management LLC increased its position in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in Walt Disney in the fourth quarter worth $33,000. Finally, Evolution Advisers Inc. increased its position in Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIS. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research note on Tuesday, May 7th. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. The Goldman Sachs Group lowered their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Argus boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Tigress Financial reissued a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.58.

Check Out Our Latest Stock Analysis on DIS

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Down 0.1 %

Shares of DIS traded down $0.12 during mid-day trading on Friday, hitting $103.25. 7,355,999 shares of the company traded hands, compared to its average volume of 12,417,074. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $188.23 billion, a PE ratio of 112.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The business has a 50 day moving average of $113.52 and a 200 day moving average of $102.24.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current year.

Walt Disney Profile

(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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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