Cullen Frost Bankers Inc. Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Cullen Frost Bankers Inc. grew its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228,742 shares of the entertainment giant's stock after acquiring an additional 4,057 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Walt Disney were worth $22,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after buying an additional 809,989 shares during the period. Northern Trust Corp lifted its stake in shares of Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after purchasing an additional 2,096,431 shares during the last quarter. Norges Bank acquired a new position in shares of Walt Disney in the 4th quarter valued at $2,415,427,000. Bank of New York Mellon Corp increased its position in shares of Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $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 raised 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 valued at $1,878,142,000 after buying an additional 3,016,339 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Insiders Place Their Bets

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

Walt Disney Stock Up 2.1%

Shares of DIS traded up $2.55 during mid-day trading on Thursday, reaching $122.37. The company's stock had a trading volume of 6,282,479 shares, compared to its average volume of 9,983,229. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market cap of $219.98 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.74 and a beta of 1.56. The company's 50 day moving average is $116.35 and its 200 day moving average is $106.86.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter last year, the company earned $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of several research analyst reports. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Barclays boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and raised their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Guggenheim increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $128.13.

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.