Optas LLC Grows Stock Holdings in The Walt Disney Company (NYSE:DIS)

Optas LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,937 shares of the entertainment giant’s stock after buying an additional 324 shares during the period. Optas LLC’s holdings in Walt Disney were worth $783,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DIS. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the 4th quarter valued at $27,000. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Tacita Capital Inc grew its position in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter worth $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in Walt Disney during the 4th quarter valued at about $34,000. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Rosenblatt Securities raised their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, UBS Group increased their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.96.

Walt Disney Stock Performance

Shares of DIS opened at $117.85 on Friday. The stock has a 50-day moving average of $101.58 and a two-hundred day moving average of $105.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market cap of $211.86 billion, a P/E ratio of 38.39, a P/E/G ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the firm earned $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, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney 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.