Clarkston Capital Partners LLC Grows Position in The Walt Disney Company $DIS

Key Points

• Clarkston Capital Partners LLC has increased its stake in The Walt Disney Company by 1.0%, owning 240,572 shares valued at approximately $23.7 million.
• Several hedge funds, including J. Safra Sarasin and Rheos Capital Works, have also boosted their holdings in Disney, with institutional investors now owning 65.71% of the stock.
• Analysts are optimistic about Disney's performance, with multiple firms raising price targets, and a consensus price target of $131.18 reflecting a "Moderate Buy" rating.

Clarkston Capital Partners LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,572 shares of the entertainment giant's stock after acquiring an additional 2,339 shares during the quarter. Clarkston Capital Partners LLC's holdings in Walt Disney were worth $23,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. J. Safra Sarasin Holding AG lifted its holdings in shares of Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after buying an additional 16,781 shares during the period. Planning Directions Inc. acquired a new stake in shares of Walt Disney in the 1st quarter valued at approximately $326,000. WoodTrust Financial Corp lifted its holdings in shares of Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after buying an additional 6,047 shares during the period. Bank of Stockton lifted its holdings in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after buying an additional 383 shares during the period. Finally, Rheos Capital Works Inc. lifted its holdings in shares of Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after buying an additional 246,000 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, August 7th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Morgan Stanley raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $116.9360 on Thursday. The company has a market cap of $210.24 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.68 and a beta of 1.56. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business has a fifty day simple moving average of $119.25 and a 200-day simple moving average of $108.20.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 5.47 EPS 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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

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.