Main Street Research LLC Takes $205,000 Position in The Walt Disney Company (NYSE:DIS)

Main Street Research LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,830 shares of the entertainment giant’s stock, valued at approximately $205,000.

Several other institutional investors have also recently made changes to their positions in DIS. Charles Schwab Investment Management Inc. lifted its stake in shares of Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after purchasing an additional 114,701 shares during the last quarter. Brookstone Capital Management raised its holdings in Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after buying an additional 13,339 shares during the period. Greystone Financial Group LLC lifted its position in Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after buying an additional 9,967 shares during the last quarter. Avanza Fonder AB purchased a new position in Walt Disney during the fourth quarter worth about $15,125,000. Finally, Swedbank AB increased its position in shares of Walt Disney by 14.4% during the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock valued at $374,336,000 after acquiring an additional 422,339 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $105.58 on Monday. The company has a market capitalization of $190.87 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $110.30 and a 200 day moving average price of $104.16.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DIS shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company increased their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

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.