Czech National Bank Increases Position in The Walt Disney Company $DIS

Key Points

• The Czech National Bank increased its holdings in Walt Disney Company by 5.8% during the second quarter, owning a total of 439,397 shares valued at approximately $54.49 million.
• Walt Disney reported earnings of $1.61 per share for the last quarter, exceeding analysts' expectations of $1.45, while revenue was slightly below estimates at $23.65 billion.
• Analysts have mixed views on Disney's stock, with price targets ranging from $134 to $141, and an overall consensus rating of "Moderate Buy".

Czech National Bank lifted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 439,397 shares of the entertainment giant's stock after acquiring an additional 24,176 shares during the quarter. Czech National Bank's holdings in Walt Disney were worth $54,490,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. J. Safra Sarasin Holding AG grew its holdings in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new position in shares of Walt Disney during the first quarter valued at approximately $326,000. WoodTrust Financial Corp grew its holdings in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after purchasing an additional 6,047 shares during the last quarter. Bank of Stockton grew its holdings in shares of Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after purchasing an additional 383 shares during the last quarter. Finally, Lodge Hill Capital LLC bought a new position in shares of Walt Disney during the first quarter valued at approximately $24,373,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.3%

NYSE DIS opened at $115.66 on Tuesday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. 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 company has a market capitalization of $207.95 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55. The firm's fifty day simple moving average is $118.19 and its 200-day simple moving average is $109.01.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DIS shares. Evercore ISI boosted their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. UBS Group boosted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Citigroup boosted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Rosenblatt Securities lifted their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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.

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