Clearwater Capital Advisors LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Clearwater Capital Advisors LLC acquired a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,468 shares of the entertainment giant’s stock, valued at approximately $223,000.

Several other hedge funds have also recently bought and sold shares of the business. Evolution Advisers Inc. increased its position in shares of 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 purchasing an additional 105 shares in the last quarter. Gradient Capital Advisors LLC increased its holdings in shares of Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after buying an additional 111 shares in the last quarter. First Business Financial Services Inc. raised its stake in shares of Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after acquiring an additional 113 shares during the last quarter. Royal Fund Management LLC boosted its holdings in shares of Walt Disney by 2.4% in the 4th quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock worth $441,000 after acquiring an additional 113 shares in the last quarter. Finally, Kelman Lazarov Inc. grew its position in Walt Disney by 3.4% during the 4th quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after acquiring an additional 117 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.1 %

DIS traded up $0.07 during trading on Wednesday, hitting $105.46. The company had a trading volume of 15,221,881 shares, compared to its average volume of 12,100,998. The firm’s 50-day moving average price is $114.59 and its 200 day moving average price is $101.21. The company has a market capitalization of $193.45 billion, a PE ratio of 65.10, a PEG ratio of 1.39 and a beta of 1.40. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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 7.88% and a net margin of 3.36%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 4.7 earnings per share for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday. Guggenheim boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Bank of America increased their price objective on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. The Goldman Sachs Group cut their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, UBS Group dropped their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.46.

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.