Candriam S.C.A. Has $31.96 Million Position in The Walt Disney Company $DIS

Key Points

• Candriam S.C.A. reduced its stake in The Walt Disney Company by 2.2%, holding 323,780 shares valued at approximately $31.96 million as of the end of the first quarter.
• Institutional investors own about 65.71% of Walt Disney's shares, with several new positions acquired this year, highlighting ongoing interest in the stock.
• The company reported $1.61 EPS for the quarter, exceeding estimates, while total revenue reached $23.65 billion, slightly below analyst expectations.

Candriam S.C.A. cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 323,780 shares of the entertainment giant's stock after selling 7,442 shares during the period. Candriam S.C.A.'s holdings in Walt Disney were worth $31,957,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney during the 1st quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the 4th quarter valued at about $27,000. Kessler Investment Group LLC raised its position 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 buying an additional 200 shares in the last quarter. Copia Wealth Management acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on DIS. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities upped their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Barclays upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Trading Down 0.3%

Walt Disney stock opened at $116.2030 on Wednesday. The firm has a 50 day moving average of $119.29 and a 200 day moving average of $108.14. The firm has a market capitalization of $208.92 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 1.68 and a beta of 1.56. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last released its 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 company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.