Modus Advisors LLC Boosts Stock Holdings in The Walt Disney Company (NYSE:DIS)


Share on StockTwits

Modus Advisors LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,506 shares of the entertainment giant’s stock after buying an additional 474 shares during the period. Modus Advisors LLC’s holdings in The Walt Disney were worth $2,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Redpoint Investment Management Pty Ltd boosted its position in The Walt Disney by 4.4% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 44,902 shares of the entertainment giant’s stock valued at $8,135,000 after buying an additional 1,895 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in shares of The Walt Disney by 28.8% during the fourth quarter. Great Valley Advisor Group Inc. now owns 44,387 shares of the entertainment giant’s stock worth $8,043,000 after purchasing an additional 9,922 shares during the period. Zweig DiMenna Associates LLC purchased a new stake in shares of The Walt Disney during the fourth quarter worth about $13,000,000. Nachman Norwood & Parrott Inc boosted its holdings in shares of The Walt Disney by 7.2% during the fourth quarter. Nachman Norwood & Parrott Inc now owns 23,220 shares of the entertainment giant’s stock worth $4,207,000 after purchasing an additional 1,562 shares during the period. Finally, FIL Ltd boosted its holdings in shares of The Walt Disney by 192.0% during the fourth quarter. FIL Ltd now owns 376,579 shares of the entertainment giant’s stock worth $68,229,000 after purchasing an additional 247,593 shares during the period. Institutional investors and hedge funds own 62.83% of the company’s stock.

In related news, CFO Christine M. Mccarthy sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 20th. The shares were sold at an average price of $177.24, for a total value of $886,200.00. Following the sale, the chief financial officer now owns 157,845 shares in the company, valued at $27,976,447.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christine M. Mccarthy sold 4,139 shares of the firm’s stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $173.00, for a total transaction of $716,047.00. Following the completion of the sale, the chief financial officer now owns 156,984 shares in the company, valued at approximately $27,158,232. The disclosure for this sale can be found here. Insiders have sold 1,367,269 shares of company stock valued at $251,173,842 in the last three months. 0.31% of the stock is owned by insiders.

Shares of DIS traded down $1.44 on Thursday, hitting $186.12. 192,517 shares of the stock traded hands, compared to its average volume of 11,597,273. The company has a market capitalization of $337.86 billion, a PE ratio of -116.89, a P/E/G ratio of 5.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.32. The business has a 50 day simple moving average of $190.44 and a 200 day simple moving average of $162.26. The Walt Disney Company has a one year low of $98.65 and a one year high of $203.02.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.77. The company had revenue of $16.25 billion during the quarter, compared to the consensus estimate of $15.84 billion. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. On average, equities analysts expect that The Walt Disney Company will post 1.69 earnings per share for the current year.

A number of analysts have recently weighed in on DIS shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Walt Disney from $185.00 to $222.00 and gave the stock a “buy” rating in a report on Tuesday, February 16th. Barclays increased their target price on shares of The Walt Disney from $150.00 to $185.00 in a report on Friday, December 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of The Walt Disney from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, January 14th. Loop Capital increased their price target on shares of The Walt Disney from $190.00 to $230.00 in a research note on Friday, February 12th. Finally, Rosenblatt Securities increased their price target on shares of The Walt Disney from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $187.00.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

Read More: Understanding dividend yield and dividend payout ratio

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS).

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

Receive News & Ratings for The Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.