Clare Market Investments LLC Purchases New Position in The Walt Disney Company (NYSE:DIS)

Clare Market Investments LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,366 shares of the entertainment giant’s stock, valued at approximately $1,154,000.

Other institutional investors also recently bought and sold shares of the company. Impax Asset Management Group plc raised its position in Walt Disney by 4.5% in the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock valued at $61,948,000 after purchasing an additional 27,806 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Walt Disney in the 3rd quarter valued at $2,942,000. United Bank raised its holdings in shares of Walt Disney by 6.2% in the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after buying an additional 712 shares during the period. Assetmark Inc. grew its stake in Walt Disney by 6.2% during the 3rd quarter. Assetmark Inc. now owns 32,385 shares of the entertainment giant’s stock worth $3,115,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its stake in Walt Disney by 0.8% during the 3rd quarter. Bridges Investment Management Inc. now owns 15,967 shares of the entertainment giant’s stock worth $1,536,000 after purchasing an additional 125 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Wells Fargo & Company upped their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. TD Cowen increased their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Finally, Bank of America increased their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $125.64.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Walt Disney Trading Up 0.1 %

DIS opened at $105.58 on Monday. The stock has a market capitalization of $190.87 billion, a P/E ratio of 34.39, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm’s fifty day simple moving average is $110.30 and its 200 day simple moving average is $104.16. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS 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.