The Walt Disney Company (NYSE:DIS) Shares Purchased by LGT Group Foundation

LGT Group Foundation boosted its stake in The Walt Disney Company (NYSE:DIS) by 1.5% during the first quarter, Holdings Channel.com reports. The fund owned 75,952 shares of the entertainment giant’s stock after purchasing an additional 1,105 shares during the quarter. LGT Group Foundation’s holdings in Walt Disney were worth $7,496,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in Walt Disney during the 1st quarter worth $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock worth $1,878,142,000 after purchasing an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.2%

Shares of NYSE:DIS opened at $112.60 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $202.45 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The firm’s 50-day moving average is $119.16 and its two-hundred day moving average is $107.98. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday. Morgan Stanley lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday. JPMorgan Chase & Co. boosted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Guggenheim boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

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.