The Walt Disney Company (NYSE:DIS) Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in The Walt Disney Company by 1.0% during the first quarter, acquiring an additional 109,197 shares, bringing its total holdings to approximately 10.87 million shares valued at about $1.07 billion.
• The latest earnings report for Walt Disney showed $1.61 earnings per share for the quarter, exceeding expectations and marking a 2.1% year-over-year revenue growth with total revenue of $23.65 billion.
• Recent analyst upgrades have resulted in a range of new target prices for DIS stock, with Jefferies Financial Group raising their target to $144.00 and five analysts rating the stock with a "Moderate Buy."

Charles Schwab Investment Management Inc. raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,871,341 shares of the entertainment giant's stock after buying an additional 109,197 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.60% of Walt Disney worth $1,073,001,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. ASR Vermogensbeheer N.V. acquired a new stake in shares of Walt Disney during the first quarter worth $23,571,000. Citizens Financial Group Inc. RI boosted its holdings in shares of Walt Disney by 2.6% during the first quarter. Citizens Financial Group Inc. RI now owns 228,094 shares of the entertainment giant's stock worth $22,513,000 after purchasing an additional 5,881 shares during the last quarter. Greykasell Wealth Strategies Inc. boosted its holdings in shares of Walt Disney by 4.3% during the first quarter. Greykasell Wealth Strategies Inc. now owns 6,287 shares of the entertainment giant's stock worth $620,000 after purchasing an additional 260 shares during the last quarter. Schnieders Capital Management LLC raised its position in shares of Walt Disney by 34.7% in the 1st quarter. Schnieders Capital Management LLC now owns 15,452 shares of the entertainment giant's stock worth $1,525,000 after buying an additional 3,979 shares during the period. Finally, Hemington Wealth Management raised its position in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIS. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. UBS Group increased their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Morgan Stanley increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday. Finally, Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $129.83.

Insider Buying and Selling

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

Walt Disney Stock Down 0.4%

Shares of Walt Disney stock traded down $0.48 during trading hours on Friday, hitting $112.40. 9,487,697 shares of the company's stock traded hands, compared to its average volume of 8,751,555. The stock has a 50 day simple moving average of $119.18 and a 200-day simple moving average of $107.98. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a market cap of $202.07 billion, a PE ratio of 17.62, a PEG ratio of 1.62 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results 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. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The company's revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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.