The Walt Disney Company (NYSE:DIS) Holdings Increased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC increased its stake in The Walt Disney Company (NYSE:DIS) by 2.4% in the 1st quarter, HoldingsChannel reports. The fund owned 300,024 shares of the entertainment giant’s stock after acquiring an additional 7,157 shares during the period. Walt Disney accounts for approximately 2.7% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 8th largest holding. Franklin Street Advisors Inc. NC’s holdings in Walt Disney were worth $36,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trian Fund Management L.P. boosted its stake in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Norges Bank purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $1,938,647,000. ValueAct Holdings L.P. purchased a new position in Walt Disney during the 4th quarter valued at $459,245,000. International Assets Investment Management LLC boosted its holdings in Walt Disney by 8,681.3% during 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. Finally, California Public Employees Retirement System grew its holdings in shares of Walt Disney by 34.8% in 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 purchasing an additional 1,716,259 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DIS. Loop Capital upped their target price on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Wells Fargo & Company raised their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a report on Tuesday, May 7th. UBS Group dropped their price target on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Barclays decreased their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.50.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $466,400.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now 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. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Down 0.2 %

Walt Disney stock traded down $0.16 during midday trading on Thursday, reaching $102.02. The company’s stock had a trading volume of 4,754,080 shares, compared to its average volume of 11,377,448. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The stock has a market capitalization of $185.99 billion, a P/E ratio of 110.87, a PEG ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The stock’s 50-day simple moving average is $105.23 and its 200-day simple moving average is $104.53.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, sell-side analysts expect that The Walt Disney Company will post 4.75 EPS for the current year.

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.