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

Optas LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 39.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,472 shares of the entertainment giant’s stock after buying an additional 1,264 shares during the period. Optas LLC’s holdings in Walt Disney were worth $547,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DIS. Avitas Wealth Management LLC grew its position in Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares during the last quarter. WNY Asset Management LLC boosted its holdings in shares of Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after acquiring an additional 2,304 shares in the last quarter. Telos Capital Management Inc. boosted its holdings in shares of Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after acquiring an additional 1,236 shares in the last quarter. Howard Capital Management Group LLC lifted its stake in shares of Walt Disney by 1.8% in the fourth quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock valued at $19,286,000 after purchasing an additional 3,716 shares during the period. Finally, Valmark Advisers Inc. lifted its stake in shares of Walt Disney by 4.9% in the fourth quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock valued at $699,000 after purchasing an additional 359 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $99.29 on Monday. The company has a market cap of $181.01 billion, a PE ratio of 107.93, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. 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 company has a 50-day simple moving average of $104.76 and a 200-day simple moving average of $104.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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 net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 4.76 earnings per share for the current year.

Insider Activity at Walt Disney

In related news, Director James P. Gorman bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DIS shares. Raymond James raised their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. UBS Group reduced their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Guggenheim raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Loop Capital raised their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, 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 note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.50.

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.