The Walt Disney Company (NYSE:DIS) Shares Bought by TCW Group Inc.

TCW Group Inc. increased its position in The Walt Disney Company (NYSE:DIS) by 166.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,292 shares of the entertainment giant’s stock after buying an additional 28,916 shares during the period. TCW Group Inc.’s holdings in Walt Disney were worth $4,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackDiamond Wealth Management LLC grew its position in shares of Walt Disney by 3.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 3,286 shares of the entertainment giant’s stock valued at $318,000 after purchasing an additional 104 shares during the last quarter. Evolution Advisers Inc. grew its holdings in Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. Gradient Capital Advisors LLC increased its position in Walt Disney by 2.9% in the 4th quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after buying an additional 111 shares during the period. First Business Financial Services Inc. lifted its holdings in shares of Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after buying an additional 113 shares during the last quarter. Finally, Royal Fund Management LLC boosted its position in shares of Walt Disney by 2.4% in the fourth quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock valued at $441,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Macquarie raised their price target on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Tigress Financial restated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a report on Tuesday, May 7th. Loop Capital boosted their price objective on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Rosenblatt Securities lifted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Trading Up 1.1 %

DIS traded up $1.10 during midday trading on Friday, reaching $101.76. 6,451,579 shares of the company were exchanged, compared to its average volume of 12,550,620. The stock has a market capitalization of $185.51 billion, a P/E ratio of 110.61, a PEG ratio of 1.25 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock’s 50-day simple moving average is $112.52 and its 200 day simple moving average is $102.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

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

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated 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 owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The disclosure for this sale can be found here. Corporate insiders own 0.10% 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.