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

China Universal Asset Management Co. Ltd. increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2,166.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,065 shares of the entertainment giant's stock after purchasing an additional 9,621 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Walt Disney were worth $993,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Geode Capital Management LLC grew its position in shares of Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp raised its stake in Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Bank of New York Mellon Corp grew its holdings in shares of Walt Disney by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after purchasing an additional 717,066 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Walt Disney stock traded down $1.07 during mid-day trading on Wednesday, reaching $120.75. 6,711,795 shares of the company's stock traded hands, compared to its average volume of 10,012,344. The company has a market cap of $217.08 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.80 and a beta of 1.56. The stock has a 50 day moving average of $113.14 and a two-hundred day moving average of $106.49. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. 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 posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and upped their target price for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $127.35.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company's stock.

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.