Breakwater Capital Group Increases Position in The Walt Disney Company (NYSE:DIS)

Breakwater Capital Group lifted its holdings in The Walt Disney Company (NYSE:DIS) by 18.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,579 shares of the entertainment giant’s stock after buying an additional 1,498 shares during the period. Breakwater Capital Group’s holdings in Walt Disney were worth $1,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $28,000. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth approximately $30,000. Stone House Investment Management LLC raised its holdings in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Finally, Partnership Wealth Management LLC bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Wells Fargo & Company boosted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a report on Tuesday, May 21st. Finally, Daiwa Capital Markets reissued a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.50.

Walt Disney Stock Down 2.8 %

DIS opened at $99.29 on Monday. The stock has a market cap of $181.01 billion, a PE ratio of 107.93, a P/E/G 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 Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The business’s fifty day simple moving average is $104.76 and its 200 day simple moving average is $104.74.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, research analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

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.