Sawgrass Asset Management LLC Increases Position in The Walt Disney Company (NYSE:DIS)

Sawgrass Asset Management LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 111.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,500 shares of the entertainment giant’s stock after purchasing an additional 73,471 shares during the quarter. Walt Disney makes up 1.4% of Sawgrass Asset Management LLC’s holdings, making the stock its 24th largest position. Sawgrass Asset Management LLC’s holdings in Walt Disney were worth $12,595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Planned Solutions Inc. acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $26,000. Fortis Group Advisors LLC acquired a new position in Walt Disney in the 3rd quarter valued at $30,000. Stone House Investment Management LLC lifted its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Evolution Advisers Inc. grew its holdings in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after buying an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $35,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.1 %

DIS traded up $0.07 on Wednesday, reaching $105.46. The company’s stock had a trading volume of 15,221,881 shares, compared to its average volume of 12,100,998. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock has a 50 day moving average of $114.59 and a two-hundred day moving average of $101.21. The company has a market capitalization of $193.45 billion, a price-to-earnings ratio of 65.10, a P/E/G ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $22.08 billion for 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%. Walt Disney’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. As a group, analysts forecast that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DIS shares. Rosenblatt Securities upped their price objective 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. Barclays reduced their price target on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday. Loop Capital raised their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America increased their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group decreased their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $126.46.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.