China Universal Asset Management Co. Ltd. Grows Position in The Walt Disney Company (NYSE:DIS)

China Universal Asset Management Co. Ltd. lifted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2,166.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,065 shares of the entertainment giant's stock after acquiring an additional 9,621 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Walt Disney were worth $993,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Alpha Cubed Investments LLC raised its position in Walt Disney by 16.6% during the 1st quarter. Alpha Cubed Investments LLC now owns 10,262 shares of the entertainment giant's stock worth $1,013,000 after purchasing an additional 1,458 shares during the last quarter. Planning Directions Inc. bought a new position in Walt Disney during the 1st quarter worth $326,000. EULAV Asset Management raised its position in Walt Disney by 20.0% during the 1st quarter. EULAV Asset Management now owns 30,000 shares of the entertainment giant's stock worth $2,961,000 after purchasing an additional 5,000 shares during the last quarter. Abound Financial LLC bought a new position in Walt Disney during the 1st quarter worth $88,000. Finally, Crossmark Global Holdings Inc. raised its position in Walt Disney by 1.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 212,753 shares of the entertainment giant's stock worth $20,999,000 after purchasing an additional 2,311 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

DIS stock traded up $0.70 on Thursday, hitting $121.31. The company had a trading volume of 2,332,806 shares, compared to its average volume of 9,986,237. The stock's 50-day simple moving average is $113.74 and its 200 day simple moving average is $106.58. The stock has a market cap of $218.08 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 1.78 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 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DIS shares. Rosenblatt Securities lifted their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. UBS Group lifted their price target on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and boosted their target price for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.35.

Walt Disney Profile

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.