SeaBridge Investment Advisors LLC Takes Position in Walt Disney Co (DIS)

SeaBridge Investment Advisors LLC purchased a new stake in Walt Disney Co (NYSE:DIS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 627 shares of the entertainment giant’s stock, valued at approximately $69,000.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 0.5% during the third quarter. Vanguard Group Inc. now owns 103,729,219 shares of the entertainment giant’s stock valued at $12,130,095,000 after acquiring an additional 553,232 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Walt Disney by 0.5% during the third quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock valued at $12,130,095,000 after acquiring an additional 553,232 shares during the last quarter. FMR LLC boosted its stake in shares of Walt Disney by 1.5% during the third quarter. FMR LLC now owns 26,397,731 shares of the entertainment giant’s stock valued at $3,086,951,000 after acquiring an additional 382,573 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Walt Disney by 2.1% during the third quarter. Clearbridge Investments LLC now owns 9,031,930 shares of the entertainment giant’s stock valued at $1,056,194,000 after acquiring an additional 189,866 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Walt Disney by 1.4% during the third quarter. Legal & General Group Plc now owns 7,001,304 shares of the entertainment giant’s stock valued at $818,701,000 after acquiring an additional 98,550 shares during the last quarter. Institutional investors and hedge funds own 64.61% of the company’s stock.

A number of analysts recently commented on the company. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $150.00 price objective on shares of Walt Disney in a research note on Monday, April 8th. Goldman Sachs Group assumed coverage on Walt Disney in a research note on Thursday, April 4th. They set a “buy” rating and a $142.00 price objective on the stock. Finally, Bank of America set a $144.00 price objective on Walt Disney and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $129.15.

Shares of NYSE:DIS opened at $130.06 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. Walt Disney Co has a 12-month low of $97.68 and a 12-month high of $130.90. The stock has a market capitalization of $193.89 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.27. The firm had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $1.89 EPS. Sell-side analysts expect that Walt Disney Co will post 6.88 earnings per share for the current year.

In related news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $114.35, for a total transaction of $228,700.00. Following the sale, the executive vice president now directly owns 26,517 shares in the company, valued at approximately $3,032,218.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Zenia B. Mucha sold 33,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Insiders sold a total of 37,042 shares of company stock worth $4,713,677 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

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About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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