Dodge & Cox Has $29.25 Million Stock Position in The Walt Disney Company $DIS

Key Points

• Dodge & Cox has reduced its stake in The Walt Disney Company by 1.7%, holding 296,378 shares worth approximately $29.25 million after selling 5,234 shares in the first quarter.
• During the same period, other large investors have modified their positions, with Rheos Capital Works Inc. dramatically increasing its holdings by 164.7% to own 395,400 shares.
• Walt Disney reported $1.61 EPS for the last quarter, surpassing analysts' estimates of $1.45, while the company's quarterly revenue increased by 2.1% year-over-year.

Dodge & Cox lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 296,378 shares of the entertainment giant's stock after selling 5,234 shares during the quarter. Dodge & Cox's holdings in Walt Disney were worth $29,253,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. J. Safra Sarasin Holding AG lifted its holdings in 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 worth $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Planning Directions Inc. bought a new position in Walt Disney during the first quarter worth about $326,000. WoodTrust Financial Corp lifted its holdings in Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Bank of Stockton lifted its holdings in Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after acquiring an additional 383 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its holdings in Walt Disney by 164.7% during the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after acquiring an additional 246,000 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

NYSE:DIS opened at $118.6640 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock's 50-day simple moving average is $119.22 and its 200 day simple moving average is $108.25. The company has a market cap of $213.35 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.68 and a beta of 1.56. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly 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. 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 analysts' expectations of $23.69 billion. During the same quarter last year, the company posted $1.39 earnings per share. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on DIS shares. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. UBS Group lifted their price target on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley lifted 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, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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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