Charles Schwab Investment Management Inc. Buys 211,397 Shares of The Walt Disney Company (NYSE:DIS)

Charles Schwab Investment Management Inc. boosted its holdings in The Walt Disney Company (NYSE:DIS) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,943,052 shares of the entertainment giant’s stock after purchasing an additional 211,397 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.54% of Walt Disney worth $897,758,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Planned Solutions Inc. purchased a new stake in Walt Disney in the 4th quarter valued at about $26,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney during the 3rd quarter valued at approximately $30,000. Stone House Investment Management LLC grew its position in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the period. Evolution Advisers Inc. grew its position in shares of Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares during the period. Finally, Orion Capital Management LLC bought a new position in Walt Disney in the 3rd quarter worth approximately $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.1 %

Shares of DIS stock traded down $0.06 during mid-day trading on Wednesday, reaching $105.33. The stock had a trading volume of 8,994,940 shares, compared to its average volume of 12,031,997. The stock’s 50-day moving average price is $114.59 and its two-hundred day moving average price is $101.21. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a market capitalization of $193.21 billion, a PE ratio of 65.12, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several analyst reports. Rosenblatt Securities raised their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Evercore ISI cut their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. Finally, The Goldman Sachs Group cut their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $126.67.

Walt Disney Company 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.