Sivia Capital Partners LLC Acquires New Stake in The Walt Disney Company (NYSE:DIS)

Sivia Capital Partners LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,763 shares of the entertainment giant’s stock, valued at approximately $340,000.

A number of other hedge funds also recently bought and sold shares of the company. Weil Company Inc. lifted its position in Walt Disney by 0.5% during the 4th quarter. Weil Company Inc. now owns 20,295 shares of the entertainment giant’s stock worth $1,832,000 after acquiring an additional 101 shares during the period. BlackDiamond Wealth Management LLC lifted its position in Walt Disney by 3.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 3,286 shares of the entertainment giant’s stock worth $318,000 after acquiring an additional 104 shares during the period. Evolution Advisers Inc. lifted its position in Walt Disney by 38.2% during 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 during the period. Gradient Capital Advisors LLC lifted its position in Walt Disney by 2.9% during the 4th quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after acquiring an additional 111 shares during the period. Finally, First Business Financial Services Inc. raised its stake in shares of Walt Disney by 0.7% during 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 during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was purchased 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 directly 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. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $101.55 on Tuesday. The company has a market cap of $185.13 billion, a PE ratio of 110.38, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. The stock’s 50 day simple moving average is $107.09 and its 200-day simple moving average is $104.13. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

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, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on DIS. Evercore ISI dropped their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Argus raised their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Barclays dropped their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. began coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. One research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.