Sachetta LLC Makes New $868,000 Investment in The Walt Disney Company (NYSE:DIS)

Sachetta LLC bought a new position in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 9,601 shares of the entertainment giant’s stock, valued at approximately $868,000.

A number of other institutional investors have also bought and sold shares of DIS. Evolution Advisers Inc. boosted its holdings in shares of Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after acquiring an additional 105 shares in the last quarter. Gradient Capital Advisors LLC increased its position in shares of Walt Disney by 2.9% in the 4th quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock valued at $359,000 after buying an additional 111 shares in the last quarter. First Business Financial Services Inc. increased its position in shares of Walt Disney by 0.7% in the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after buying an additional 113 shares in the last quarter. Royal Fund Management LLC increased its position in shares of Walt Disney by 2.4% in the 4th quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock valued at $441,000 after buying an additional 113 shares in the last quarter. Finally, Kelman Lazarov Inc. boosted its stake in Walt Disney by 3.4% in the 4th quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after purchasing an additional 117 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DIS. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a research note on Tuesday, May 7th. Argus increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Rosenblatt Securities increased their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Tigress Financial restated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Finally, Raymond James increased their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $126.58.

Insider Buying and Selling

In related news, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Performance

NYSE DIS traded down $0.54 on Monday, hitting $102.71. 5,488,361 shares of the stock traded hands, compared to its average volume of 12,081,875. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The business’s fifty day moving average is $113.52 and its two-hundred day moving average is $102.54. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The firm has a market capitalization of $187.24 billion, a price-to-earnings ratio of 111.57, a PEG ratio of 1.26 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) 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 analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. As a group, equities analysts anticipate 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.