Spinnaker Investment Group LLC Increases Holdings in The Walt Disney Company (NYSE:DIS)

Spinnaker Investment Group LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 9.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,915 shares of the entertainment giant’s stock after acquiring an additional 248 shares during the quarter. Spinnaker Investment Group LLC’s holdings in Walt Disney were worth $288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the 4th quarter worth $27,000. FPC Investment Advisory Inc. bought a new position in Walt Disney in the 4th quarter worth about $28,000. Tacita Capital Inc boosted its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney in the 4th quarter worth about $32,000. Finally, Midwest Capital Advisors LLC bought a new position in Walt Disney in the 4th quarter worth about $34,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $117.61 on Monday. The stock has a market cap of $211.44 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 1.72 and a beta of 1.54. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $120.50. The stock’s 50-day moving average is $104.69 and its 200 day moving average is $105.73.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.21 EPS. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on DIS shares. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research note on Monday, April 21st. Guggenheim cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Barclays raised their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Morgan Stanley raised their target price on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities raised their target price on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.96.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

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.