Sierra Ocean LLC Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

Sierra Ocean LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,578 shares of the entertainment giant’s stock after buying an additional 147 shares during the quarter. Sierra Ocean LLC’s holdings in Walt Disney were worth $353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $27,000. Kessler Investment Group LLC increased its holdings in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the 4th quarter worth $32,000. Copia Wealth Management purchased a new position in Walt Disney during the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Walt Disney during the 4th quarter worth $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Guggenheim raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.83.

Walt Disney Stock Up 0.8%

NYSE:DIS opened at $123.98 on Friday. The company has a market cap of $222.88 billion, a PE ratio of 25.35, a P/E/G ratio of 1.81 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $111.87 and its two-hundred day moving average is $106.34.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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.