Blue Edge Capital LLC Boosts Stake in The Walt Disney Company (NYSE:DIS)

Blue Edge Capital LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 1.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 18,858 shares of the entertainment giant’s stock after purchasing an additional 245 shares during the quarter. Blue Edge Capital LLC’s holdings in The Walt Disney were worth $3,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in The Walt Disney in the 4th quarter worth approximately $3,003,286,000. Price T Rowe Associates Inc. MD boosted its holdings in The Walt Disney by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,494,013 shares of the entertainment giant’s stock worth $3,531,925,000 after buying an additional 5,288,711 shares during the period. Viking Global Investors LP purchased a new stake in The Walt Disney in the 4th quarter worth $773,911,000. FMR LLC boosted its stake in shares of The Walt Disney by 16.1% in the fourth quarter. FMR LLC now owns 23,913,777 shares of the entertainment giant’s stock worth $4,332,698,000 after acquiring an additional 3,315,118 shares during the period. Finally, Morgan Stanley raised its stake in The Walt Disney by 11.4% during the 4th quarter. Morgan Stanley now owns 32,108,070 shares of the entertainment giant’s stock valued at $5,817,340,000 after purchasing an additional 3,291,751 shares during the period. 64.04% of the stock is currently owned by hedge funds and other institutional investors.

The Walt Disney stock traded up $0.75 during midday trading on Friday, reaching $177.32. The company’s stock had a trading volume of 79,932 shares, compared to its average volume of 10,277,439. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.23 and a quick ratio of 1.18. The firm has a market capitalization of $322.18 billion, a PE ratio of -70.63, a P/E/G ratio of 3.70 and a beta of 1.19. The stock’s 50-day simple moving average is $181.01. The Walt Disney Company has a 52-week low of $108.02 and a 52-week high of $203.02.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, May 13th. The entertainment giant reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.52. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The firm had revenue of $15.61 billion during the quarter, compared to analyst estimates of $15.99 billion. During the same period last year, the firm posted $0.60 EPS. The Walt Disney’s revenue was down 13.4% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 2.28 earnings per share for the current year.

A number of equities analysts recently commented on DIS shares. Rosenblatt Securities increased their price target on The Walt Disney from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of The Walt Disney from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, February 12th. UBS Group lifted their target price on The Walt Disney from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, February 17th. Evercore ISI increased their price target on The Walt Disney from $200.00 to $210.00 in a report on Friday, February 12th. Finally, Citigroup lifted their price target on shares of The Walt Disney from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $195.48.

In other news, Chairman Robert A. Iger sold 550,570 shares of the stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the sale, the chairman now directly owns 569,131 shares of the company’s stock, valued at approximately $101,993,966.51. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan E. Arnold sold 8,400 shares of the firm’s stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $177.75, for a total value of $1,493,100.00. Following the sale, the director now owns 41,498 shares in the company, valued at $7,376,269.50. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

The Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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