Fisher Asset Management LLC Purchases 306,676 Shares of The Walt Disney Company (NYSE:DIS)

Fisher Asset Management LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,201,556 shares of the entertainment giant’s stock after purchasing an additional 306,676 shares during the period. Fisher Asset Management LLC owned about 0.39% of Walt Disney worth $650,229,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Walt Disney by 0.7% in the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock worth $12,148,402,000 after acquiring an additional 994,575 shares during the period. Morgan Stanley lifted its stake in Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after purchasing an additional 195,512 shares during the last quarter. Trian Fund Management L.P. grew its holdings in Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Northern Trust Corp increased its position in Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after buying an additional 2,384,407 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Walt Disney during the 4th quarter worth $1,938,647,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DIS shares. Barclays reduced their target price on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. Tigress Financial reissued a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Guggenheim upped 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. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.29.

Walt Disney Stock Performance

Shares of DIS opened at $99.97 on Monday. The firm has a market capitalization of $182.25 billion, a P/E ratio of 108.66, a PEG ratio of 1.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The business has a fifty day moving average of $107.41 and a 200 day moving average of $104.07. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.76 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.