Spirepoint Private Client LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Spirepoint Private Client LLC bought a new position in The Walt Disney Company (NYSE:DIS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,950 shares of the entertainment giant’s stock, valued at approximately $239,000.

A number of other large investors have also added to or reduced their stakes in DIS. Vanguard Group Inc. grew its stake in shares of Walt Disney by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after acquiring an additional 1,555,748 shares during the last quarter. Norges Bank purchased a new stake in Walt Disney in the fourth quarter valued at approximately $1,938,647,000. Jennison Associates LLC purchased a new stake in Walt Disney in the first quarter valued at approximately $1,490,492,000. Charles Schwab Investment Management Inc. boosted its position in Walt Disney by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after buying an additional 211,397 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Walt Disney by 4.5% in the fourth quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock valued at $650,472,000 after buying an additional 309,376 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

DIS stock traded down $1.05 during midday trading on Friday, reaching $95.74. The stock had a trading volume of 9,300,963 shares, compared to its average volume of 9,403,102. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $100.71 and its 200 day simple moving average is $105.26. The company has a market cap of $174.54 billion, a price-to-earnings ratio of 104.07, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on DIS. Loop Capital upped their target price on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Wells Fargo & Company upped their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Evercore ISI lowered their price objective on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. UBS Group lowered their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Moffett Nathanson lowered their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.44.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 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.