Corebridge Financial Inc. Acquires 7,483 Shares of The Walt Disney Company $DIS

Key Points

• Corebridge Financial Inc. increased its stake in The Walt Disney Company by 1.8%, acquiring an additional 7,483 shares, bringing its total holdings to 423,692 shares valued at approximately $41.8 million.
• Walt Disney recently reported quarterly earnings of $1.61 per share, surpassing analyst expectations of $1.45, with a revenue of $23.65 billion.
• Analysts have mixed ratings on Disney's stock, with Jefferies lowering its rating to "hold," while others have set target prices above $130, indicating a "Moderate Buy" consensus among analysts.

Corebridge Financial Inc. lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 423,692 shares of the entertainment giant's stock after purchasing an additional 7,483 shares during the period. Corebridge Financial Inc.'s holdings in Walt Disney were worth $41,818,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Clearstead Trust LLC boosted its holdings in shares of Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after purchasing an additional 99 shares during the period. Hemington Wealth Management boosted its holdings in shares of Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after purchasing an additional 105 shares during the period. Allegheny Financial Group boosted its holdings in shares of Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after purchasing an additional 106 shares during the period. Leigh Baldwin & CO. LLC boosted its holdings in shares of Walt Disney by 2.2% in the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock valued at $493,000 after purchasing an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC boosted its holdings in shares of Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS opened at $118.6640 on Monday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a fifty day moving average price of $119.22 and a 200-day moving average price of $108.21. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market cap of $213.35 billion, a PE ratio of 18.60, a P/E/G ratio of 1.72 and a beta of 1.56.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DIS shares. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. UBS Group upped their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Citigroup upped their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Company 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.

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