Alliancebernstein L.P. Buys 364,858 Shares of The Walt Disney Company $DIS

Key Points

• Alliancebernstein L.P. increased its stake in The Walt Disney Company by 3.6%, acquiring an additional 364,858 shares for a total of 10,407,236 shares, valued at over $1 billion.
• The Walt Disney Company reported EPS of $1.61 for the last quarter, exceeding expectations, with a revenue of $23.65 billion, slightly below the forecast.
• Multiple research firms have raised their price targets for Disney shares to between $130.00 and $140.00, with a consensus rating of "Moderate Buy."

Alliancebernstein L.P. grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 10,407,236 shares of the entertainment giant's stock after acquiring an additional 364,858 shares during the period. Alliancebernstein L.P. owned about 0.58% of Walt Disney worth $1,027,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the 1st quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management acquired a new stake in Walt Disney during the 4th quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Walt Disney during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 0.7%

Walt Disney stock traded down $0.88 during mid-day trading on Friday, hitting $117.93. 6,668,217 shares of the company's stock were exchanged, compared to its average volume of 6,294,819. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $212.03 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.72 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. The stock has a 50 day moving average of $119.01 and a two-hundred day moving average of $108.80.

Walt Disney (NYSE:DIS - Get Free Report) last posted 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 net margin of 12.22% and a return on equity of 9.67%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. As a group, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on DIS. Stephens reissued a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities boosted their target price on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Chardan Capital reissued a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

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.