Chescapmanager LLC Increases Stock Position in The Walt Disney Company $DIS

Key Points

• Chescapmanager LLC has increased its holdings in The Walt Disney Company by 4.8%, now owning a total of 217,500 shares worth approximately $21.47 million.
• Walt Disney's recent earnings report indicated an EPS of $1.61, surpassing expectations, and a revenue of $23.65 billion for the quarter.
• Analysts have adjusted their price targets for Disney stock, with Guggenheim and Evercore ISI increasing their targets to $140, reflecting a positive outlook on the company's performance.

Chescapmanager LLC lifted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 4.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 217,500 shares of the entertainment giant's stock after purchasing an additional 10,000 shares during the period. Walt Disney comprises 2.3% of Chescapmanager LLC's holdings, making the stock its 13th biggest position. Chescapmanager LLC's holdings in Walt Disney were worth $21,467,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DIS. J. Safra Sarasin Holding AG raised its stake in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Planning Directions Inc. bought a new position in shares of Walt Disney during the 1st quarter worth approximately $326,000. WoodTrust Financial Corp raised its stake in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Bank of Stockton raised its stake in shares of Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after acquiring an additional 383 shares in the last quarter. Finally, Lodge Hill Capital LLC bought a new position in shares of Walt Disney during the 1st quarter worth approximately $24,373,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Morgan Stanley upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Evercore ISI upped their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $0.88 during midday trading on Friday, reaching $117.93. The company's stock had a trading volume of 6,668,217 shares, compared to its average volume of 6,294,819. The firm has a market capitalization of $212.03 billion, a PE ratio of 18.48, a P/E/G ratio of 1.71 and a beta of 1.55. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a fifty day moving average of $119.01 and a 200 day moving average of $108.78. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for 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 business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. On average, equities 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.