Vision Capital Management Inc. Has $7.42 Million Stake in The Walt Disney Company $DIS

Vision Capital Management Inc. increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 59,798 shares of the entertainment giant’s stock after buying an additional 1,782 shares during the quarter. Walt Disney accounts for about 1.0% of Vision Capital Management Inc.’s investment portfolio, making the stock its 27th largest holding. Vision Capital Management Inc.’s holdings in Walt Disney were worth $7,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the 2nd quarter worth approximately $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after acquiring an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock valued at $1,758,968,000 after acquiring an additional 717,066 shares during the last quarter. Finally, Amundi raised its position in Walt Disney by 11.4% during the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock valued at $1,468,873,000 after purchasing an additional 1,520,513 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DIS. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group raised their price objective on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Morgan Stanley increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Tuesday. Finally, Guggenheim upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $112.95 on Friday. The firm has a market cap of $203.07 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm’s fifty day moving average is $117.11 and its 200-day moving average is $109.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

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

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.