ARGA Investment Management LP Boosts Stake in The Walt Disney Company (NYSE:DIS)

ARGA Investment Management LP increased its position in The Walt Disney Company (NYSE:DIS) by 119.7% in the 1st quarter, Holdings Channel reports. The firm owned 423,977 shares of the entertainment giant’s stock after buying an additional 231,024 shares during the period. Walt Disney makes up 1.7% of ARGA Investment Management LP’s holdings, making the stock its 20th biggest holding. ARGA Investment Management LP’s holdings in Walt Disney were worth $51,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hoxton Planning & Management LLC purchased a new stake in shares of Walt Disney in the 1st quarter valued at about $240,000. DLK Investment Management LLC increased its position in Walt Disney by 8.8% in the 1st quarter. DLK Investment Management LLC now owns 31,124 shares of the entertainment giant’s stock valued at $3,808,000 after acquiring an additional 2,527 shares during the period. Beech Hill Advisors Inc. increased its position in Walt Disney by 2.8% in the 1st quarter. Beech Hill Advisors Inc. now owns 44,607 shares of the entertainment giant’s stock valued at $5,458,000 after acquiring an additional 1,221 shares during the period. Mechanics Bank Trust Department increased its position in Walt Disney by 68.0% in the 1st quarter. Mechanics Bank Trust Department now owns 11,864 shares of the entertainment giant’s stock valued at $1,452,000 after acquiring an additional 4,800 shares during the period. Finally, Riverview Trust Co acquired a new position in Walt Disney in the 1st quarter valued at about $166,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney news, 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 value of $466,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly 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 currently owned by corporate insiders.

Walt Disney Stock Down 0.2 %

Shares of Walt Disney stock traded down $0.22 during trading hours on Wednesday, hitting $101.98. 3,274,328 shares of the company’s stock traded hands, compared to its average volume of 11,373,183. The stock has a 50 day simple moving average of $105.45 and a 200-day simple moving average of $104.55. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market cap of $185.91 billion, a PE ratio of 110.86, a PEG ratio of 1.27 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter last year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a report on Tuesday, May 7th. Finally, UBS Group reduced their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $126.50.

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.