Cypress Asset Management Inc. TX Purchases New Shares in The Walt Disney Company (NYSE:DIS)

Cypress Asset Management Inc. TX purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, Holdings Channel.com reports. The fund purchased 2,650 shares of the entertainment giant’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the 4th quarter valued at $26,000. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $33,000. Stone House Investment Management LLC increased its stake in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the period. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney in the 3rd quarter valued at $30,000. Finally, Evolution Advisers Inc. increased its stake 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 buying an additional 105 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on DIS. Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a research report on Tuesday, May 7th. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research report on Tuesday. Wells Fargo & Company raised their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Morgan Stanley raised their price target on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Stock Up 0.9 %

Shares of Walt Disney stock traded up $0.89 during trading on Friday, reaching $101.55. The stock had a trading volume of 4,272,663 shares, compared to its average volume of 11,915,348. The company has a market capitalization of $185.13 billion, a price-to-earnings ratio of 110.32, a P/E/G ratio of 1.28 and a beta of 1.40. The stock has a fifty day moving average price of $112.72 and a two-hundred day moving average price of $102.79. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Activity at Walt Disney

In related news, Director James P. Gorman bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

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.