American Century Companies Inc. Has $106.13 Million Stock Position in The Walt Disney Company $DIS

Key Points

• American Century Companies Inc. reduced its stake in The Walt Disney Company by 9.4%, selling 111,403 shares and holding 1,075,236 shares valued at approximately $106.1 million as of the end of the first quarter.
• Several hedge funds have adjusted their positions in Disney, with Kessler Investment Group LLC increasing its stake by 274% and new investments from multiple firms totaling around $27,000 to $39,000.
• Analysts maintain a consensus rating of "Moderate Buy" for Disney stock, with a recent price target of $131.18 and various upgrades in stock ratings from prominent financial institutions.

American Century Companies Inc. lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 9.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,075,236 shares of the entertainment giant's stock after selling 111,403 shares during the quarter. American Century Companies Inc. owned approximately 0.06% of Walt Disney worth $106,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DIS. Brighton Jones LLC lifted its position in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after acquiring an additional 1,904 shares in the last quarter. Jump Financial LLC acquired a new stake in Walt Disney during the 4th quarter valued at approximately $1,162,000. Capital International Sarl grew its stake in Walt Disney by 37.0% during the 4th quarter. Capital International Sarl now owns 6,993 shares of the entertainment giant's stock valued at $779,000 after purchasing an additional 1,887 shares in the last quarter. GeoWealth Management LLC grew its stake in Walt Disney by 56.2% during the 4th quarter. GeoWealth Management LLC now owns 11,254 shares of the entertainment giant's stock valued at $1,253,000 after purchasing an additional 4,047 shares in the last quarter. Finally, Freedom Investment Management Inc. acquired a new stake in Walt Disney during the 4th quarter valued at approximately $330,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DIS. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, August 7th. 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Down 0.3%

Shares of DIS stock traded down $0.3760 on Tuesday, reaching $116.1740. 3,220,635 shares of the company's stock traded hands, compared to its average volume of 9,751,073. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 company has a market capitalization of $208.87 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.56. The business's 50 day moving average price is $119.35 and its two-hundred day moving average price is $108.08.

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