The Walt Disney Company (NYSE:DIS) Shares Purchased by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC increased its position in The Walt Disney Company (NYSE:DIS) by 111.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,500 shares of the entertainment giant’s stock after acquiring an additional 73,471 shares during the period. Walt Disney makes up 1.4% of Sawgrass Asset Management LLC’s portfolio, making the stock its 24th biggest position. Sawgrass Asset Management LLC’s holdings in Walt Disney were worth $12,595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Concord Wealth Partners boosted its stake in Walt Disney by 20.5% during the third quarter. Concord Wealth Partners now owns 3,477 shares of the entertainment giant’s stock valued at $282,000 after buying an additional 591 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Walt Disney by 26.8% during the third quarter. Verdence Capital Advisors LLC now owns 7,598 shares of the entertainment giant’s stock valued at $616,000 after purchasing an additional 1,604 shares during the last quarter. BluePath Capital Management LLC bought a new stake in Walt Disney during the third quarter worth approximately $119,000. Grandfield & Dodd LLC lifted its position in shares of Walt Disney by 10.1% during the 3rd quarter. Grandfield & Dodd LLC now owns 217,138 shares of the entertainment giant’s stock valued at $17,599,000 after acquiring an additional 19,886 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV grew its holdings in shares of Walt Disney by 16.3% in the 3rd quarter. Pennsylvania Capital Management Inc. ADV now owns 2,747 shares of the entertainment giant’s stock worth $223,000 after acquiring an additional 384 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $0.07 on Wednesday, hitting $105.46. The stock had a trading volume of 15,221,881 shares, compared to its average volume of 12,100,998. The company has a market capitalization of $193.45 billion, a price-to-earnings ratio of 65.10, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm’s 50 day moving average price is $114.59 and its 200-day moving average price is $101.21. 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 posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. On average, equities research analysts predict that The Walt Disney Company will post 4.7 earnings per share for the current year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the topic of a number of analyst reports. Bank of America lifted their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Guggenheim lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group dropped their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Evercore ISI lowered their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Macquarie upped their target price on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.46.

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.