Angeles Investment Advisors LLC Boosts Position in The Walt Disney Company (NYSE:DIS)

Angeles Investment Advisors LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 40.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,915 shares of the entertainment giant’s stock after buying an additional 1,713 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Walt Disney were worth $535,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Trian Fund Management L.P. grew its stake in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares during the period. Norges Bank acquired a new stake in Walt Disney in the 4th quarter valued at $1,938,647,000. International Assets Investment Management LLC grew its stake 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 acquiring an additional 3,311,563 shares during the period. Loomis Sayles & Co. L P grew its stake in Walt Disney by 21.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock valued at $1,168,444,000 after acquiring an additional 2,505,486 shares during the period. Finally, Northern Trust Corp boosted its stake in Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after purchasing an additional 2,384,407 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays lowered their target price on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Bank of America boosted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Evercore ISI lowered their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Macquarie boosted their price target on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Loop Capital boosted their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.29.

Walt Disney Stock Up 0.3 %

DIS traded up $0.34 on Friday, reaching $101.55. The company’s stock had a trading volume of 6,045,950 shares, compared to its average volume of 11,675,300. The stock has a 50 day moving average of $109.71 and a two-hundred day moving average of $103.67. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $185.13 billion, a price-to-earnings ratio of 110.52, a P/E/G ratio of 1.26 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly 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 the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 earnings per share. As a group, analysts forecast that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

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.