Bank Pictet & Cie Europe AG Purchases 2,411 Shares of The Walt Disney Company (NYSE:DIS)

Bank Pictet & Cie Europe AG lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 39.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,511 shares of the entertainment giant's stock after buying an additional 2,411 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Walt Disney were worth $840,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DIS. Geode Capital Management LLC boosted its position in Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp boosted its position in Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares during the period. Norges Bank bought a new stake in Walt Disney during the fourth quarter worth approximately $2,415,427,000. Bank of New York Mellon Corp boosted its position in Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Walt Disney by 21.8% during the fourth 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 worth $1,878,142,000 after purchasing an additional 3,016,339 shares during the period. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $117.85 on Monday. The business has a fifty day simple moving average of $101.58 and a 200 day simple moving average of $105.77. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $211.86 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the company posted $1.21 earnings per share. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Rosenblatt Securities upped their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Morgan Stanley upped their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Guggenheim cut their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Finally, Barclays upped their price target on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.96.

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.

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