Deutsche Bank AG Raises Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Deutsche Bank AG increased its stake in The Walt Disney Company by 7.1% during the first quarter, bringing its total shares owned to over 6.5 million, valued at approximately $646.8 million.
• Several investment analysts have raised their price targets for Walt Disney, with Morgan Stanley and Guggenheim setting new targets of $140, while Loop Capital has a target of $130.
• Walt Disney reported earnings of $1.61 EPS, exceeding analysts' expectations, with revenues reaching $23.65 billion but falling slightly short of consensus estimates.

Deutsche Bank AG lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,552,766 shares of the entertainment giant's stock after buying an additional 432,575 shares during the period. Deutsche Bank AG owned about 0.36% of Walt Disney worth $646,758,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DIS. Acorns Advisers LLC grew its position in shares of Walt Disney by 2.6% in the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock worth $426,000 after buying an additional 98 shares during the last quarter. Clearstead Trust LLC lifted its position in Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after acquiring an additional 99 shares during the last quarter. Hemington Wealth Management boosted its stake in 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 acquiring an additional 105 shares in the last quarter. Allegheny Financial Group grew its holdings in Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its holdings in Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In other Walt Disney 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 value of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Morgan Stanley increased their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Finally, Evercore ISI increased their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $129.83.

Walt Disney Trading Down 2.5%

Shares of Walt Disney stock opened at $115.32 on Thursday. The stock has a market cap of $207.31 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.56. The firm has a fifty day moving average price of $119.16 and a 200 day moving average price of $107.94. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.

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.