Breakwater Capital Group Buys 1,498 Shares of The Walt Disney Company (NYSE:DIS)

Breakwater Capital Group raised its holdings in The Walt Disney Company (NYSE:DISFree Report) by 18.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,579 shares of the entertainment giant’s stock after purchasing an additional 1,498 shares during the quarter. Breakwater Capital Group’s holdings in Walt Disney were worth $1,172,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DIS. Norges Bank bought a new position in Walt Disney in the 4th quarter valued at $1,938,647,000. ValueAct Holdings L.P. bought a new position in Walt Disney in the 4th quarter valued at $459,245,000. International Assets Investment Management LLC raised its position in Walt Disney by 8,681.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after purchasing an additional 3,311,563 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Walt Disney by 34.8% during the fourth quarter. California Public Employees Retirement System now owns 6,646,336 shares of the entertainment giant’s stock worth $600,098,000 after acquiring an additional 1,716,259 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Walt Disney by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after acquiring an additional 1,555,748 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Barclays dropped their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Evercore ISI dropped their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. initiated coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.50.

Get Our Latest Report on Walt Disney

Walt Disney Stock Down 2.8 %

NYSE:DIS opened at $99.29 on Monday. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock has a market cap of $181.01 billion, a price-to-earnings ratio of 107.93, a PEG ratio of 1.23 and a beta of 1.40. The stock has a 50-day moving average price of $104.76 and a two-hundred day moving average price of $104.74.

Walt Disney (NYSE:DISGet Free Report) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion during 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 company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current year.

About Walt Disney

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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