The Walt Disney Company (NYSE:DIS) Shares Acquired by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,806 shares of the entertainment giant’s stock after purchasing an additional 615 shares during the quarter. Walt Disney comprises about 1.1% of Eagle Rock Investment Company LLC’s investment portfolio, making the stock its 25th biggest position. Eagle Rock Investment Company LLC’s holdings in Walt Disney were worth $6,495,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in Walt Disney in the fourth quarter valued at $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth about $358,151,000. Finally, Boston Partners purchased a new stake in shares of Walt Disney during the fourth quarter worth about $350,707,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $113.95 on Friday. The company’s fifty day moving average is $98.47 and its two-hundred day moving average is $105.80. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a market cap of $204.85 billion, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Walt Disney’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. Equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DIS shares. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. UBS Group lifted their target price on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Finally, Rosenblatt Securities upped their target price on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.75.

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.