Amundi Buys 1,520,513 Shares of The Walt Disney Company $DIS

Key Points

• Amundi increased its stake in The Walt Disney Company by 11.4%, acquiring an additional 1,520,513 shares during the first quarter, bringing its total holdings to approximately 14.88 million shares worth about $1.47 billion.
• Shares of Disney opened at $118.26, with the company reporting a Q2 EPS of $1.61, exceeding analysts' estimates of $1.45, while revenue for the quarter was $23.65 billion.
• Analysts have a consensus target price of $131.18 for Disney, with one strong buy, nineteen buy, and eight hold ratings, indicating a generally positive outlook for the stock.

Amundi grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 11.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,882,195 shares of the entertainment giant's stock after acquiring an additional 1,520,513 shares during the period. Amundi owned 0.83% of Walt Disney worth $1,468,873,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the 1st quarter worth approximately $26,000. Kessler Investment Group LLC increased its holdings in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Copia Wealth Management purchased a new stake in Walt Disney in the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the 4th quarter worth approximately $39,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DIS. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Stephens restated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Susquehanna restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Price Performance

Shares of NYSE DIS traded down $0.88 during midday trading on Friday, reaching $117.93. 6,668,217 shares of the stock traded hands, compared to its average volume of 6,294,819. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $212.03 billion, a PE ratio of 18.48, a P/E/G ratio of 1.72 and a beta of 1.55. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company's 50 day moving average is $119.01 and its 200 day moving average is $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, beating analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during 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 company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 EPS. On average, equities research analysts anticipate 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.