4,248 Shares in The Walt Disney Company (NYSE:DIS) Purchased by DORVAL Corp

DORVAL Corp purchased a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,248 shares of the entertainment giant’s stock, valued at approximately $384,000. Walt Disney accounts for about 0.2% of DORVAL Corp’s holdings, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Trian Fund Management L.P. increased its holdings in Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares in the last quarter. Norges Bank acquired a new stake in Walt Disney during the 4th quarter valued at $1,938,647,000. First Eagle Investment Management LLC bought a new position in Walt Disney during the third quarter worth $326,171,000. International Assets Investment Management LLC lifted its stake in shares of Walt Disney by 8,681.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after buying an additional 3,311,563 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Walt Disney by 21.0% during the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after acquiring an additional 2,505,486 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

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

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. JPMorgan Chase & Co. started coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. Tigress Financial reaffirmed a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. Rosenblatt Securities raised their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, Argus raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.52.

Walt Disney Trading Down 2.3 %

Shares of NYSE:DIS traded down $2.36 during mid-day trading on Thursday, reaching $100.66. 10,465,391 shares of the company were exchanged, compared to its average volume of 11,992,191. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm’s 50-day simple moving average is $112.95 and its 200 day simple moving average is $102.80. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a market cap of $183.51 billion, a price-to-earnings ratio of 109.24, a P/E/G ratio of 1.28 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. Equities research analysts forecast that The Walt Disney Company will post 4.76 EPS for the current year.

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.