First Business Financial Services Inc. boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 9.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,334 shares of the entertainment giant’s stock after purchasing an additional 905 shares during the period. Walt Disney comprises approximately 0.2% of First Business Financial Services Inc.’s investment portfolio, making the stock its 27th biggest holding. First Business Financial Services Inc.’s holdings in Walt Disney were worth $1,133,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Litman Gregory Asset Management LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $25,000. Crewe Advisors LLC lifted its holdings in Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Portfolio Solutions LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $43,000. Contravisory Investment Management Inc. lifted its holdings in Walt Disney by 176.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 261 shares during the last quarter. Finally, Watermark Asset Management Inc. lifted its holdings in Walt Disney by 52.2% during the fourth quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after purchasing an additional 153 shares during the last quarter. 64.76% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Zenia B. Mucha sold 33,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $113.60, for a total transaction of $227,200.00. Following the completion of the sale, the executive vice president now directly owns 26,517 shares in the company, valued at $3,012,331.20. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock worth $4,708,940 over the last ninety days. 0.36% of the stock is currently owned by insiders.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.27. The business had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. Walt Disney’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm posted $1.89 earnings per share. On average, analysts anticipate that Walt Disney Co will post 6.8 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $150.00 price target on shares of Walt Disney in a report on Monday, April 8th. Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Thursday, April 4th. They issued a “buy” rating and a $142.00 price target on the stock. Citigroup assumed coverage on shares of Walt Disney in a report on Tuesday, April 2nd. They issued a “buy” rating and a $150.00 price target on the stock. Edward Jones raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, Tigress Financial reissued a “buy” rating on shares of Walt Disney in a report on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company. Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $133.73.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
See Also: Earnings Per Share
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.