Saxon Interests Inc. Has $401,000 Position in The Walt Disney Company (NYSE:DIS)

Saxon Interests Inc. boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 18.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,058 shares of the entertainment giant’s stock after purchasing an additional 646 shares during the quarter. Saxon Interests Inc.’s holdings in Walt Disney were worth $401,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Walt Disney by 28.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 16,362 shares of the entertainment giant’s stock valued at $1,813,000 after purchasing an additional 3,603 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Walt Disney in the fourth quarter worth about $154,000. Plato Investment Management Ltd lifted its position in shares of Walt Disney by 10.3% during the 4th quarter. Plato Investment Management Ltd now owns 53,263 shares of the entertainment giant’s stock worth $5,952,000 after purchasing an additional 4,972 shares during the last quarter. Finally, DJE Kapital AG bought a new stake in Walt Disney during the 4th quarter valued at approximately $61,799,000. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Trading Up 1.4%

Shares of DIS stock opened at $124.04 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $222.99 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.79 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a 50-day moving average price of $109.06 and a 200 day moving average price of $105.97.

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

Analysts Set New Price Targets

Several research analysts have commented on DIS shares. Rosenblatt Securities lifted their price target on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Guggenheim raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Barclays upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.79.

Walt Disney Company 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.