Vima LLC Invests $68,000 in The Walt Disney Company (NYSE:DIS)

Vima LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, HoldingsChannel reports. The fund purchased 758 shares of the entertainment giant’s stock, valued at approximately $68,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. Vanguard Group Inc. grew its holdings 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 valued at $12,148,402,000 after purchasing an additional 994,575 shares during the period. Morgan Stanley grew its holdings 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 period. Trian Fund Management L.P. grew its holdings in Walt Disney by 411.6% in 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 grew its holdings 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 valued at $2,014,861,000 after purchasing an additional 2,384,407 shares during the period. Finally, Norges Bank purchased a new stake in Walt Disney in the fourth quarter valued at approximately $1,938,647,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DIS. Barclays lowered their target price on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Loop Capital boosted their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Guggenheim boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, UBS Group decreased 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. One investment 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.29.

Walt Disney Stock Down 0.1 %

DIS traded down $0.12 during trading on Friday, hitting $99.97. The company had a trading volume of 7,087,573 shares, compared to its average volume of 8,051,114. The company has a market cap of $182.25 billion, a PE ratio of 108.66, a P/E/G ratio of 1.24 and a beta of 1.40. The business has a 50-day moving average of $107.41 and a 200-day moving average of $103.99. 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 Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $22.08 billion for 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 quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. As a group, analysts forecast that The Walt Disney Company will post 4.76 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

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

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.