Johnson Financial Group Inc. Grows Position in The Walt Disney Company (NYSE:DIS)

Johnson Financial Group Inc. boosted its holdings in The Walt Disney Company (NYSE:DIS) by 39.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,940 shares of the entertainment giant’s stock after acquiring an additional 2,255 shares during the quarter. Johnson Financial Group Inc.’s holdings in Walt Disney were worth $718,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Walt Disney by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after acquiring an additional 994,575 shares in the last quarter. Morgan Stanley increased its stake in shares of Walt Disney by 0.4% during the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after purchasing an additional 195,512 shares in the last quarter. Trian Fund Management L.P. raised its position in shares of 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 during the last quarter. Northern Trust Corp lifted its stake in Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after buying an additional 2,384,407 shares in the last quarter. Finally, Norges Bank acquired a new stake in Walt Disney during the 4th quarter valued at $1,938,647,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.1 %

Shares of NYSE:DIS traded up $1.10 during midday trading on Friday, hitting $101.76. 6,451,579 shares of the company’s stock traded hands, compared to its average volume of 12,550,620. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a market cap of $185.51 billion, a PE ratio of 110.61, a P/E/G ratio of 1.25 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The firm’s fifty day moving average price is $112.52 and its two-hundred day moving average price is $103.04.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DIS shares. Needham & Company LLC restated a “buy” rating and issued a $145.00 price objective on shares of Walt Disney in a research report on Tuesday, May 7th. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price on the stock. Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. UBS Group reduced their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Finally, Macquarie lifted their target price on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

Insider Activity at Walt Disney

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

Walt Disney Company Profile

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.