627 Shares in Walt Disney Co (DIS) Acquired by SeaBridge Investment Advisors LLC

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SeaBridge Investment Advisors LLC purchased a new stake in shares of Walt Disney Co (NYSE:DIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 627 shares of the entertainment giant’s stock, valued at approximately $69,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Walt Disney by 0.5% during the third quarter. Vanguard Group Inc. now owns 103,729,219 shares of the entertainment giant’s stock worth $12,130,095,000 after purchasing an additional 553,232 shares during the period. Vanguard Group Inc increased its stake in Walt Disney by 0.5% during the third quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock worth $12,130,095,000 after purchasing an additional 553,232 shares during the period. FMR LLC increased its stake in Walt Disney by 1.5% during the third quarter. FMR LLC now owns 26,397,731 shares of the entertainment giant’s stock worth $3,086,951,000 after purchasing an additional 382,573 shares during the period. Clearbridge Investments LLC increased its stake in Walt Disney by 2.1% during the third quarter. Clearbridge Investments LLC now owns 9,031,930 shares of the entertainment giant’s stock worth $1,056,194,000 after purchasing an additional 189,866 shares during the period. Finally, Legal & General Group Plc increased its stake in Walt Disney by 1.4% during the third quarter. Legal & General Group Plc now owns 7,001,304 shares of the entertainment giant’s stock worth $818,701,000 after purchasing an additional 98,550 shares during the period. 64.61% of the stock is currently owned by hedge funds and other institutional investors.

DIS stock opened at $130.06 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00. Walt Disney Co has a fifty-two week low of $97.68 and a fifty-two week high of $130.90. The company has a market cap of $193.89 billion, a P/E ratio of 18.37, a PEG ratio of 3.22 and a beta of 0.91.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The firm had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. Analysts anticipate that Walt Disney Co will post 6.88 EPS for the current year.

DIS has been the topic of a number of recent research reports. BMO Capital Markets boosted their price target on shares of Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a research note on Thursday, February 7th. Credit Suisse Group reiterated a “hold” rating and set a $114.00 price target on shares of Walt Disney in a research note on Tuesday, January 22nd. Edward Jones upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research note on Tuesday, February 12th. Finally, Cowen upgraded shares of Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 price target on the stock in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the company. Walt Disney currently has an average rating of “Buy” and an average target price of $129.15.

In related news, EVP Zenia B. Mucha sold 33,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $114.35, for a total transaction of $228,700.00. Following the sale, the executive vice president now owns 26,517 shares in the company, valued at $3,032,218.95. The disclosure for this sale can be found here. Insiders have sold 37,042 shares of company stock worth $4,713,677 over the last 90 days. Insiders own 0.36% of the company’s stock.

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Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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