Hoxton Planning & Management LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Hoxton Planning & Management LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,960 shares of the entertainment giant’s stock, valued at approximately $240,000.

Several other large investors have also modified their holdings of DIS. Trian Fund Management L.P. raised its stake in shares of Walt Disney by 411.6% during the third 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 last quarter. Norges Bank purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $1,938,647,000. ValueAct Holdings L.P. purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $459,245,000. International Assets Investment Management LLC raised its stake in shares of Walt Disney by 8,681.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after purchasing an additional 3,311,563 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Walt Disney by 34.8% during 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on DIS. Evercore ISI cut their price objective on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Barclays cut their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Bank of America increased their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company increased their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.50.

Walt Disney Price Performance

Shares of DIS traded down $0.22 during trading hours on Wednesday, reaching $101.98. 3,274,328 shares of the company traded hands, compared to its average volume of 11,373,183. 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 stock has a market capitalization of $185.91 billion, a PE ratio of 110.86, a price-to-earnings-growth ratio of 1.27 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. The stock has a fifty day simple moving average of $105.45 and a 200 day simple moving average of $104.55.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter last year, the company earned $0.93 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Insiders Place Their Bets

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

About Walt Disney

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.