Oarsman Capital Inc. Buys 11,422 Shares of The Walt Disney Company $DIS

Oarsman Capital Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 939.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,638 shares of the entertainment giant’s stock after acquiring an additional 11,422 shares during the quarter. Oarsman Capital Inc.’s holdings in Walt Disney were worth $1,247,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. J. Safra Sarasin Holding AG grew its stake in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after acquiring an additional 16,781 shares during the period. Planning Directions Inc. bought a new position in shares of Walt Disney during the 1st quarter valued at approximately $326,000. WoodTrust Financial Corp lifted its holdings in Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after purchasing an additional 6,047 shares in the last quarter. Bank of Stockton lifted its holdings in Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock worth $897,000 after purchasing an additional 383 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its holdings in Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant’s stock worth $39,026,000 after purchasing an additional 246,000 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on DIS shares. JPMorgan Chase & Co. boosted their price target on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. UBS Group boosted their price target on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Stock Up 0.4%

Shares of DIS opened at $118.15 on Thursday. The stock has a market capitalization of $212.42 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.70 and a beta of 1.56. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The business’s 50 day simple moving average is $119.18 and its 200-day simple moving average is $108.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.