Charles Schwab Investment Advisory Inc. Acquires New Position in The Walt Disney Company (NYSE:DIS)

Charles Schwab Investment Advisory Inc. acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,676 shares of the entertainment giant’s stock, valued at approximately $242,000.

A number of other institutional investors also recently bought and sold shares of the company. Evolution Advisers Inc. increased its position in shares of Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares during the last quarter. Gradient Capital Advisors LLC increased its holdings in Walt Disney by 2.9% in the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock valued at $359,000 after buying an additional 111 shares during the last quarter. First Business Financial Services Inc. raised its stake in Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after buying an additional 113 shares in the last quarter. Royal Fund Management LLC lifted its holdings in Walt Disney by 2.4% during the 4th quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock worth $441,000 after buying an additional 113 shares during the last quarter. Finally, Kelman Lazarov Inc. boosted its position in shares of Walt Disney by 3.4% during the 4th quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after acquiring an additional 117 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS stock traded up $0.09 during trading hours on Wednesday, reaching $105.48. 10,091,243 shares of the company’s stock were exchanged, compared to its average volume of 12,040,856. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The company’s 50 day moving average is $114.59 and its two-hundred day moving average is $101.21. The company has a market cap of $193.49 billion, a P/E ratio of 65.12, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America boosted their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Rosenblatt Securities increased their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. began coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.67.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Company 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.