Aberdeen Group plc Acquires 76,529 Shares of The Walt Disney Company $DIS

Key Points

• Aberdeen Group plc increased its stake in The Walt Disney Company by 4.9%, acquiring an additional 76,529 shares during the second quarter, bringing its total ownership to approximately 1,653,741 shares valued at $203,997,000.
• Walt Disney reported a quarterly EPS of $1.61, exceeding analyst expectations of $1.45, but its revenue of $23.65 billion fell slightly short of estimates.
• Analysts have generally expressed positive sentiment towards Walt Disney, with multiple firms raising their price targets, including Evercore ISI and Citigroup, both setting new targets of $140.00.

Aberdeen Group plc lifted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,653,741 shares of the entertainment giant's stock after purchasing an additional 76,529 shares during the period. Aberdeen Group plc owned about 0.09% of Walt Disney worth $203,997,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares during the last quarter. GAMMA Investing LLC increased its holdings in Walt Disney by 8.1% in the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant's stock worth $2,451,000 after acquiring an additional 1,856 shares during the last quarter. Zhang Financial LLC increased its holdings in Walt Disney by 9.8% in the 1st quarter. Zhang Financial LLC now owns 2,207 shares of the entertainment giant's stock worth $218,000 after acquiring an additional 197 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in Walt Disney by 21.0% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 19,824 shares of the entertainment giant's stock worth $1,957,000 after acquiring an additional 3,441 shares during the last quarter. Finally, Thomasville National Bank increased its holdings in Walt Disney by 3.4% in the 1st quarter. Thomasville National Bank now owns 7,611 shares of the entertainment giant's stock worth $751,000 after acquiring an additional 251 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 1.6%

DIS stock opened at $109.17 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $196.27 billion, a PE ratio of 17.11, a PEG ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a 50-day simple moving average of $115.36 and a two-hundred day simple moving average of $110.34.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Walt Disney's revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Evercore ISI lifted their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. UBS Group lifted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Morgan Stanley lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average target price of $131.18.

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.

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