Canada Pension Plan Investment Board Increases Stake in The Walt Disney Company $DIS

Key Points

• The Canada Pension Plan Investment Board increased its stake in The Walt Disney Company by 166.3%, acquiring an additional 545,385 shares during the first quarter, bringing its total to 873,324 shares valued at approximately $86.2 million.
• The Walt Disney Company reported $1.61 earnings per share (EPS) in its recent quarterly earnings, surpassing analysts' expectations of $1.45, with a revenue of $23.65 billion.
• Walt Disney's stock price has fluctuated between a 12-month low of $80.10 and a high of $124.69, with analysts issuing a consensus target price of $131.18 and a rating of "Moderate Buy."

Canada Pension Plan Investment Board boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 166.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 873,324 shares of the entertainment giant's stock after acquiring an additional 545,385 shares during the period. Canada Pension Plan Investment Board's holdings in Walt Disney were worth $86,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the first quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at about $27,000. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% in the first 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 in the last quarter. Copia Wealth Management bought a new position in Walt Disney during the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Walt Disney in the 4th quarter worth about $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. JPMorgan Chase & Co. raised their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Barclays raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Down 0.4%

Shares of NYSE DIS traded down $0.53 during trading on Tuesday, hitting $117.85. The stock had a trading volume of 3,571,853 shares, compared to its average volume of 9,543,557. The company has a market capitalization of $211.88 billion, a PE ratio of 18.47, a PEG ratio of 1.71 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a fifty day moving average of $119.21 and a two-hundred day moving average of $108.56. The Walt Disney Company has a 12 month low of $80.10 and a 12 month 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 the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the company earned $1.39 earnings per share. Walt Disney's revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts forecast 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.