BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Stock Position in The Walt Disney Company $DIS

Key Points

• British Columbia Investment Management Corp increased its holdings in The Walt Disney Company (NYSE:DIS) by 0.8%, owning 543,180 shares valued at approximately $53.6 million.
• Walt Disney reported $1.61 earnings per share for the latest quarter, exceeding expectations, with a revenue of $23.65 billion, which was slightly below analyst estimates.
• Analysts have raised their price target for Disney shares to $140 from previous figures, with most maintaining a buy rating, indicating positive market sentiment.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 543,180 shares of the entertainment giant's stock after buying an additional 4,262 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Walt Disney were worth $53,612,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 buying an additional 2,446,087 shares during the period. Northern Trust Corp boosted its position in Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares during the period. Bank of New York Mellon Corp boosted its position in Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 buying an additional 3,016,339 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Walt Disney by 4.5% during the 1st quarter. Ameriprise Financial Inc. now owns 14,178,295 shares of the entertainment giant's stock valued at $1,399,399,000 after buying an additional 613,414 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $118.6640 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market cap of $213.35 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company's fifty day moving average price is $119.22 and its 200-day moving average price is $108.25.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $131.18.

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.

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