Fiduciary Alliance LLC Has $8.26 Million Holdings in The Walt Disney Company (NYSE:DIS)

Fiduciary Alliance LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 45.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 67,996 shares of the entertainment giant’s stock after acquiring an additional 21,375 shares during the quarter. Walt Disney accounts for 1.5% of Fiduciary Alliance LLC’s holdings, making the stock its 20th largest position. Fiduciary Alliance LLC’s holdings in Walt Disney were worth $8,264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Norges Bank acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $1,938,647,000. ValueAct Holdings L.P. purchased a new position in shares of Walt Disney in the 4th quarter worth about $459,245,000. International Assets Investment Management LLC increased its stake in shares of Walt Disney by 8,681.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after purchasing an additional 3,311,563 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Walt Disney by 34.8% in the fourth quarter. California Public Employees Retirement System now owns 6,646,336 shares of the entertainment giant’s stock worth $600,098,000 after buying an additional 1,716,259 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Walt Disney by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after buying an additional 1,555,748 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney 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 completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 1,857 shares of the company’s 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 transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Down 2.8 %

DIS stock traded down $2.88 during trading hours on Friday, hitting $99.29. The company’s stock had a trading volume of 21,439,416 shares, compared to its average volume of 8,740,152. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a market capitalization 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 company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $104.76 and a two-hundred day moving average price of $104.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. On average, equities research analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DIS shares. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. UBS Group lowered their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Finally, Evercore ISI dropped their price target on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.