Breakwater Capital Group Increases Position in The Walt Disney Company (NYSE:DIS)

Breakwater Capital Group increased its holdings in The Walt Disney Company (NYSE:DIS) by 20.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,482 shares of the entertainment giant’s stock after acquiring an additional 1,764 shares during the period. Breakwater Capital Group’s holdings in Walt Disney were worth $1,035,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Walt Disney during the 4th quarter worth $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock valued at $638,699,000 after buying an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Walt Disney in the fourth quarter worth about $358,151,000. Finally, Boston Partners purchased a new position in Walt Disney in the fourth quarter valued at about $350,707,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DIS shares. Guggenheim decreased their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Loop Capital increased their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Rosenblatt Securities upped their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research note on Monday, April 21st. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.75.

Walt Disney Stock Performance

NYSE:DIS opened at $113.54 on Thursday. The stock has a market cap of $204.12 billion, a P/E ratio of 36.98, a PEG ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $97.87 and its two-hundred day moving average price is $105.75. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business posted $1.21 earnings per share. Walt Disney’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by insiders.

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.