Banque Cantonale Vaudoise Invests $4.77 Million in The Walt Disney Company (NYSE:DIS)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in The Walt Disney Company, purchasing 48,319 shares valued at approximately $4,770,000 in the 1st quarter.
• Following recent analyst updates, the target price for Walt Disney has been increased to between $135.00 and $140.00 by multiple firms, with numerous analysts rating the stock as a "buy."
• Walt Disney's stock is currently down 0.9%, with a market capitalization of $216.38 billion and reported quarterly earnings beating expectations by $0.24.

Banque Cantonale Vaudoise purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,319 shares of the entertainment giant's stock, valued at approximately $4,770,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Waterloo Capital L.P. raised its stake in Walt Disney by 3.2% in the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after buying an additional 97 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Walt Disney by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after buying an additional 98 shares in the last quarter. Acorns Advisers LLC raised its stake in Walt Disney by 2.6% in the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after buying an additional 98 shares in the last quarter. Allegheny Financial Group raised its stake in Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after buying an additional 106 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after buying an additional 113 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Barclays lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Finally, Rosenblatt Securities lifted 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. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $128.70.

Walt Disney Stock Performance

NYSE DIS traded down $0.44 on Tuesday, hitting $119.93. 6,212,437 shares of the company's stock were exchanged, compared to its average volume of 6,719,698. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The firm's 50-day moving average price is $118.28 and its two-hundred day moving average price is $107.51. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market cap of $215.60 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 1.76 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results 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 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.

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.