Rovin Capital UT ADV Acquires 2,430 Shares of The Walt Disney Company (NYSE:DIS)

Rovin Capital UT ADV lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 46.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,703 shares of the entertainment giant’s stock after acquiring an additional 2,430 shares during the quarter. Rovin Capital UT ADV’s holdings in Walt Disney were worth $696,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DIS. Planned Solutions Inc. bought a new stake in Walt Disney during the fourth quarter worth approximately $26,000. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney during the 4th quarter worth $28,000. Fortis Group Advisors LLC bought a new position in Walt Disney in the 3rd quarter worth $30,000. Stone House Investment Management LLC boosted its holdings in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the period. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 4,400 shares of the business’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 value of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink. Also, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 1.6 %

Shares of DIS opened at $101.55 on Tuesday. 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 company has a market cap of $185.13 billion, a price-to-earnings ratio of 110.38, a PEG ratio of 1.24 and a beta of 1.40. The stock has a fifty day moving average price of $107.09 and a two-hundred day moving average price of $104.13. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates 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 last year, the company posted $0.93 earnings per share. Analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group lowered their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $145.00 price objective on shares of Walt Disney in a research note on Tuesday, May 7th. Rosenblatt Securities upped their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company increased their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Finally, Redburn Atlantic raised shares of 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $126.29.

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.