Apexium Financial LP Purchases 3,232 Shares of The Walt Disney Company $DIS

Key Points

• Apexium Financial LP increased its stake in The Walt Disney Company by 2.6%, owning 127,140 shares valued at approximately $12.5 million as of its latest SEC filing.
• Walt Disney reported an earnings per share (EPS) of $1.61 for the last quarter, surpassing analysts' consensus estimate of $1.45.
• Multiple analysts have varied views on Disney's stock, with Citigroup raising its price target from $125 to $140 and Wall Street Zen downgrading it from "strong-buy" to "buy."

Apexium Financial LP boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 127,140 shares of the entertainment giant's stock after purchasing an additional 3,232 shares during the quarter. Walt Disney comprises about 0.7% of Apexium Financial LP's holdings, making the stock its 20th biggest holding. Apexium Financial LP's holdings in Walt Disney were worth $12,549,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DIS. Nuveen LLC purchased a new stake in Walt Disney during the 1st quarter valued at about $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after purchasing an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on DIS shares. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI upped their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, August 7th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Performance

NYSE DIS traded up $0.50 on Wednesday, reaching $118.15. 4,374,074 shares of the stock were exchanged, compared to its average volume of 9,629,432. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market capitalization of $212.42 billion, a PE ratio of 18.52, a PEG ratio of 1.70 and a beta of 1.56. The company's 50-day simple moving average is $119.17 and its two-hundred day simple moving average is $108.32. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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