AG2R LA Mondiale Gestion D Actifs Purchases New Holdings in The Walt Disney Company $DIS

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in The Walt Disney Company, purchasing 66,861 shares worth approximately $6.6 million in Q1 2023.
• Walt Disney reported earnings of $1.61 per share, exceeding the consensus estimate by $0.16 and achieving a revenue of $23.65 billion.
• Analysts have increased their price targets for Walt Disney's stock, with Morgan Stanley setting a new target at $140, and the company receiving a consensus rating of "Moderate Buy."

AG2R LA Mondiale Gestion D Actifs purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,861 shares of the entertainment giant's stock, valued at approximately $6,599,000.

A number of other large investors also recently bought and sold shares of the company. Clearstead Trust LLC lifted its holdings in Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after buying an additional 99 shares during the last quarter. Aspen Investment Management Inc lifted its holdings in Walt Disney by 3.5% during the 1st quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant's stock worth $290,000 after buying an additional 100 shares during the last quarter. Hemington Wealth Management raised its position in shares of Walt Disney by 1.9% during the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after purchasing an additional 105 shares during the period. Leigh Baldwin & CO. LLC raised its position in shares of Walt Disney by 2.2% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after purchasing an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC raised its position in shares of Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares during the period. Institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Evercore ISI raised their target price on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Guggenheim raised their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $117.10 on Friday. The stock has a fifty day moving average price of $118.50 and a two-hundred day moving average price of $108.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $210.54 billion, a P/E ratio of 18.35, a PEG ratio of 1.67 and a beta of 1.55. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

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

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.

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