94,580 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Suvretta Capital Management LLC
Suvretta Capital Management LLC acquired 94,580 shares of The Walt Disney Company (NYSE:DIS) valued at approximately $10.5 million during the fourth quarter, as reported in their recent SEC filing. Other institutional investors also adjusted their holdings in Disney. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $123.54. Disney's stock recently opened at $113.26, following a strong earnings report that exceeded estimates, showing a revenue increase of 7% year-over-year.
Suvretta Capital Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 94,580 shares of the entertainment giant's stock, valued at approximately $10,531,000.
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A number of other institutional investors and hedge funds have also modified their holdings of DIS. Shellback Capital LP purchased a new stake in Walt Disney in the 4th quarter valued at approximately $8,908,000. Semper Augustus Investments Group LLC lifted its stake in Walt Disney by 0.5% in the 4th quarter. Semper Augustus Investments Group LLC now owns 140,063 shares of the entertainment giant's stock valued at $15,596,000 after buying an additional 639 shares in the last quarter. SGL Investment Advisors Inc. lifted its stake in Walt Disney by 12.8% in the 4th quarter. SGL Investment Advisors Inc. now owns 2,084 shares of the entertainment giant's stock valued at $228,000 after buying an additional 236 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Walt Disney by 12.1% during the 4th quarter. Rafferty Asset Management LLC now owns 160,010 shares of the entertainment giant's stock worth $17,817,000 after purchasing an additional 17,218 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in shares of Walt Disney during the 4th quarter worth $61,387,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Wall Street Analysts Forecast Growth
DIS has been the topic of a number of recent analyst reports. Prescient Securities reduced their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Loop Capital increased their price target on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Guggenheim reduced their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.
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Read Our Latest Analysis on DIS
Insider Activity
In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company's stock.
Walt Disney Stock Up 0.9%
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Shares of Walt Disney stock opened at $113.26 on Friday. The business has a 50-day moving average of $94.62 and a 200-day moving average of $104.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a market capitalization of $203.62 billion, a PE ratio of 36.89, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63.
Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company's revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Walt Disney Profile
(Free Report)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.
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