Fairbanks Capital Management Inc. Buys 855 Shares of Walt Disney Co (NYSE:DIS)

Fairbanks Capital Management Inc. boosted its stake in Walt Disney Co (NYSE:DIS) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,564 shares of the entertainment giant’s stock after purchasing an additional 855 shares during the quarter. Walt Disney comprises about 2.9% of Fairbanks Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Fairbanks Capital Management Inc.’s holdings in Walt Disney were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Norges Bank bought a new stake in Walt Disney in the fourth quarter valued at about $2,572,048,000. Fisher Asset Management LLC increased its holdings in Walt Disney by 5,464.7% in the first quarter. Fisher Asset Management LLC now owns 4,504,570 shares of the entertainment giant’s stock valued at $435,141,000 after purchasing an additional 4,423,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Walt Disney by 782.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,724,769 shares of the entertainment giant’s stock valued at $391,758,000 after purchasing an additional 2,416,143 shares during the last quarter. M&G Investment Management Ltd. acquired a new position in Walt Disney in the fourth quarter valued at about $194,314,000. Finally, Swiss National Bank grew its stake in Walt Disney by 23.1% in the first quarter. Swiss National Bank now owns 6,995,071 shares of the entertainment giant’s stock valued at $675,724,000 after acquiring an additional 1,314,800 shares during the period. Institutional investors and hedge funds own 62.80% of the company’s stock.

DIS traded down $4.78 on Thursday, hitting $116.75. 18,411,197 shares of the company were exchanged, compared to its average volume of 21,929,296. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41. The company has a market cap of $210.49 billion, a PE ratio of 39.37, a PEG ratio of 11.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The stock’s fifty day moving average is $107.19 and its 200-day moving average is $126.74.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.23). The company had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 EPS. As a group, equities research analysts expect that Walt Disney Co will post 2.09 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. Argus decreased their target price on Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Guggenheim cut Walt Disney from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Thursday, April 2nd. SunTrust Banks boosted their target price on Walt Disney from $110.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Sanford C. Bernstein decreased their target price on Walt Disney from $100.00 to $96.00 and set a “market perform” rating for the company in a research note on Wednesday, May 6th. Finally, Atlantic Securities raised Walt Disney from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $153.00 to $119.00 in a research note on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $126.50.

Walt Disney Company Profile

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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