Richelieu Gestion SA Has $5.09 Million Stake in The Walt Disney Company (NYSE:DIS)

Richelieu Gestion SA decreased its holdings in The Walt Disney Company (NYSE:DIS) by 14.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 41,601 shares of the entertainment giant’s stock after selling 6,823 shares during the period. Walt Disney makes up about 5.2% of Richelieu Gestion SA’s portfolio, making the stock its 3rd biggest position. Richelieu Gestion SA’s holdings in Walt Disney were worth $5,090,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DIS. Vanguard Group Inc. grew its stake in shares of Walt Disney by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after buying an additional 1,555,748 shares during the last quarter. Morgan Stanley grew its position in Walt Disney by 0.4% during the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after acquiring an additional 195,512 shares during the last quarter. Trian Fund Management L.P. raised its position in Walt Disney by 411.6% in the third 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 purchasing an additional 26,443,257 shares during the last quarter. Norges Bank acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $1,938,647,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Walt Disney by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock worth $897,758,000 after purchasing an additional 211,397 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were 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 can be accessed through the SEC website. 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 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 owned by corporate insiders.

Walt Disney Stock Down 0.0 %

Shares of Walt Disney stock traded down $0.05 on Wednesday, hitting $102.15. The company had a trading volume of 5,568,410 shares, compared to its average volume of 11,394,411. The stock has a market capitalization of $186.22 billion, a price-to-earnings ratio of 110.86, a P/E/G ratio of 1.27 and a beta of 1.40. 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 Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The stock has a 50 day moving average of $105.45 and a 200-day moving average of $104.55.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $22.12 billion. During the same period last year, the business earned $0.93 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Loop Capital upped their price target on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research report on Tuesday, May 7th. Guggenheim upped their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Argus lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Daiwa Capital Markets restated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $126.50.

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.