The Walt Disney Company (NYSE:DIS) is Blueshift Asset Management LLC's 2nd Largest Position

Key Points

• Blueshift Asset Management LLC increased its stake in The Walt Disney Company by 191.2%, owning 46,841 shares worth approximately $4.62 million, making it Disney's second-largest holding.
• Other institutional investors have also adjusted their Disney holdings, with notable increases including Trek Financial LLC boosting its position by 479.9%.
• Walt Disney reported earnings of $1.45 EPS for the last quarter, surpassing estimates, and had a consensus rating of "Moderate Buy" from analysts.

Blueshift Asset Management LLC boosted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 191.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,841 shares of the entertainment giant's stock after purchasing an additional 30,755 shares during the period. Walt Disney comprises approximately 1.8% of Blueshift Asset Management LLC's holdings, making the stock its 2nd largest position. Blueshift Asset Management LLC's holdings in Walt Disney were worth $4,623,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Jefferies Financial Group Inc. boosted its stake in shares of Walt Disney by 101.5% during the 1st quarter. Jefferies Financial Group Inc. now owns 45,204 shares of the entertainment giant's stock worth $4,462,000 after acquiring an additional 22,773 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Walt Disney during the 1st quarter worth approximately $7,841,000. BCGM Wealth Management LLC grew its holdings in Walt Disney by 6.8% during the 1st quarter. BCGM Wealth Management LLC now owns 23,583 shares of the entertainment giant's stock valued at $2,328,000 after buying an additional 1,503 shares during the last quarter. Nicolet Advisory Services LLC increased its position in Walt Disney by 11.1% during the first quarter. Nicolet Advisory Services LLC now owns 17,116 shares of the entertainment giant's stock worth $1,689,000 after buying an additional 1,710 shares in the last quarter. Finally, Invictus Private Wealth LLC increased its position in Walt Disney by 2,899.0% during the first quarter. Invictus Private Wealth LLC now owns 72,606 shares of the entertainment giant's stock worth $7,166,000 after buying an additional 70,185 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 2.1%

Shares of DIS stock traded down $2.54 on Friday, reaching $116.57. 8,509,376 shares of the stock were exchanged, compared to its average volume of 6,590,457. The stock has a market cap of $209.56 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $118.76 and a two-hundred day moving average of $107.72. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the company earned $1.21 EPS. The firm's revenue was up 7.0% on a year-over-year basis. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of analyst reports. Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Finally, Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $128.70.

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.