Primecap Management Co. CA Increases Holdings in The Walt Disney Company (NYSE:DIS)

Primecap Management Co. CA grew its holdings in The Walt Disney Company (NYSE:DIS) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 6,276,477 shares of the entertainment giant’s stock after buying an additional 234,700 shares during the period. Primecap Management Co. CA’s holdings in Walt Disney were worth $566,703,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Johnson Financial Group Inc. increased its stake in Walt Disney by 39.7% in the fourth quarter. Johnson Financial Group Inc. now owns 7,940 shares of the entertainment giant’s stock valued at $718,000 after purchasing an additional 2,255 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Walt Disney by 2.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 606,466 shares of the entertainment giant’s stock valued at $54,758,000 after buying an additional 12,786 shares during the last quarter. Skopos Labs Inc. acquired a new stake in Walt Disney during the 4th quarter valued at approximately $981,000. Congress Wealth Management LLC DE grew its position in shares of Walt Disney by 191.1% during the fourth quarter. Congress Wealth Management LLC DE now owns 11,183 shares of the entertainment giant’s stock worth $1,010,000 after buying an additional 7,341 shares in the last quarter. Finally, Hoylecohen LLC increased its position in shares of Walt Disney by 1.3% in the 4th quarter. Hoylecohen LLC now owns 53,241 shares of the entertainment giant’s stock worth $4,807,000 after purchasing an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. 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 research note on Tuesday, April 2nd. Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Argus lifted their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.52.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, 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 SEC, which is accessible through this link. In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost 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 in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Walt Disney Stock Performance

Shares of DIS traded up $1.10 on Friday, reaching $101.76. 6,269,479 shares of the stock traded hands, compared to its average volume of 11,937,832. The firm has a market cap of $185.51 billion, a price-to-earnings ratio of 110.61, a P/E/G ratio of 1.28 and a beta of 1.40. 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 stock’s 50-day moving average price is $112.52 and its 200-day moving average price is $102.91. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last released 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 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period in the prior year, the company posted $0.93 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

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.