The Walt Disney Company $DIS Shares Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in The Walt Disney Company by 64.4% during the first quarter, now holding 43,568 shares valued at approximately $4.3 million.
• Research firms have raised their target prices for Disney, with UBS Group increasing it from $120 to $138 and Citigroup from $125 to $140, both maintaining a "buy" rating.
• The Walt Disney Company reported earnings of $1.61 per share, exceeding expectations, with a revenue of $23.65 billion, marking a 2.1% increase compared to the previous year.

Campbell & CO Investment Adviser LLC grew its position in The Walt Disney Company (NYSE:DIS - Free Report) by 64.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,568 shares of the entertainment giant's stock after buying an additional 17,062 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Walt Disney were worth $4,300,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the 1st quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC increased its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the period. Copia Wealth Management bought a new position in shares of Walt Disney in the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on DIS shares. Stephens reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Barclays upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Rosenblatt Securities boosted their price target on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.50 during midday trading on Wednesday, hitting $118.15. The stock had a trading volume of 4,335,136 shares, compared to its average volume of 9,629,432. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $119.17 and a 200-day simple moving average of $108.32. The company has a market capitalization of $212.42 billion, a PE ratio of 18.52, a P/E/G ratio of 1.70 and a beta of 1.56. 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 data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.