Louisbourg Investments Inc. Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

Louisbourg Investments Inc. grew its stake in The Walt Disney Company (NYSE:DIS) by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,879 shares of the entertainment giant’s stock after acquiring an additional 7,380 shares during the quarter. Walt Disney comprises approximately 1.3% of Louisbourg Investments Inc.’s portfolio, making the stock its 28th biggest holding. Louisbourg Investments Inc.’s holdings in Walt Disney were worth $5,417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after acquiring an additional 809,989 shares in the last quarter. Northern Trust Corp lifted its position in shares of Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares in the last quarter. Norges Bank acquired a new position in Walt Disney in the fourth quarter valued at $2,415,427,000. Bank of New York Mellon Corp increased its stake in Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock valued at $1,878,142,000 after purchasing an additional 3,016,339 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Rosenblatt Securities upped their target price on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. UBS Group upped their target price on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Guggenheim dropped 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. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.96.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the 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 owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

Walt Disney Price Performance

DIS stock opened at $119.43 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The firm has a market cap of $214.71 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The stock has a 50-day simple moving average of $102.33 and a 200-day simple moving average of $105.78.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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.