E Fund Management Co. Ltd. Buys 18,802 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• E Fund Management Co. Ltd. increased its stake in The Walt Disney Company by 419.4%, adding 18,802 shares, to reach a total of 23,285 shares valued at approximately $2.3 million.
• Walt Disney's stock price fell by $0.30 to $116.34, with a market capitalization of $209.17 billion and a PE ratio of 18.24.
• Research analysts are generally optimistic about Disney, with a consensus rating of "Moderate Buy" and a target price of $131.18, following multiple buy ratings from firms like JPMorgan and Rosenblatt Securities.

E Fund Management Co. Ltd. grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 419.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,285 shares of the entertainment giant's stock after purchasing an additional 18,802 shares during the period. E Fund Management Co. Ltd.'s holdings in Walt Disney were worth $2,298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Financial Network Wealth Advisors LLC grew its stake in Walt Disney by 62.2% during the first quarter. Financial Network Wealth Advisors LLC now owns 2,235 shares of the entertainment giant's stock valued at $221,000 after acquiring an additional 857 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Walt Disney by 0.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 104,893 shares of the entertainment giant's stock worth $10,353,000 after buying an additional 966 shares in the last quarter. S Bank Fund Management Ltd purchased a new position in Walt Disney in the 1st quarter worth approximately $6,760,000. National Pension Service grew its stake in Walt Disney by 4.2% in the 1st quarter. National Pension Service now owns 3,899,007 shares of the entertainment giant's stock worth $384,832,000 after buying an additional 157,035 shares in the last quarter. Finally, LGT Group Foundation grew its stake in Walt Disney by 1.5% in the 1st quarter. LGT Group Foundation now owns 75,952 shares of the entertainment giant's stock worth $7,496,000 after buying an additional 1,105 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 0.8%

NYSE:DIS traded down $0.95 during midday trading on Friday, reaching $115.36. 6,766,517 shares of the stock traded hands, compared to its average volume of 8,928,304. The company has a fifty day moving average of $119.33 and a 200 day moving average of $108.13. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. 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 has a market capitalization of $207.41 billion, a P/E ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.56.

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, beating 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 company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the business posted $1.39 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. UBS Group boosted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Citigroup boosted their price target 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. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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.