Inkwell Capital LLC Acquires New Holdings in The Walt Disney Company (NYSE:DIS)

Inkwell Capital LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,441 shares of the entertainment giant’s stock, valued at approximately $3,946,000. Walt Disney comprises about 4.2% of Inkwell Capital LLC’s portfolio, making the stock its 8th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. United Bank lifted its position 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 worth $1,168,000 after purchasing an additional 712 shares during the period. CreativeOne Wealth LLC lifted its holdings in Walt Disney by 5.4% in the third quarter. CreativeOne Wealth LLC now owns 11,448 shares of the entertainment giant’s stock valued at $1,101,000 after buying an additional 590 shares during the period. Public Sector Pension Investment Board boosted its position in Walt Disney by 13.4% during the third quarter. Public Sector Pension Investment Board now owns 77,763 shares of the entertainment giant’s stock valued at $7,480,000 after acquiring an additional 9,200 shares during the last quarter. BlueCrest Capital Management Ltd grew its holdings in Walt Disney by 3,309.1% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 3,000 shares of the entertainment giant’s stock worth $289,000 after acquiring an additional 2,912 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Walt Disney by 53.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 852,003 shares of the entertainment giant’s stock worth $81,954,000 after acquiring an additional 297,017 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 2.4 %

Walt Disney stock opened at $98.02 on Friday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.69. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $107.31 and a 200-day moving average price of $105.07. The company has a market capitalization of $177.19 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on DIS. The Goldman Sachs Group raised their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Citigroup reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Loop Capital increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney 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.