Empower Advisory Group LLC Has $135.68 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Key Points

• Empower Advisory Group LLC increased its stake in The Walt Disney Company by 1.1%, owning approximately 1,374,619 shares valued at $135.68 million as of the latest SEC filing.
• Several institutional investors have substantially increased their holdings in Disney, with DZ BANK AG raising its stake by 1,900% and UBS AM by 21.8% during the final quarter.
• Analysts’ forecasts for Disney stock are relatively positive, with a consensus rating of "Moderate Buy" and an average price target of $129.83.

Empower Advisory Group LLC boosted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,374,619 shares of the entertainment giant's stock after buying an additional 14,884 shares during the period. Empower Advisory Group LLC owned approximately 0.08% of Walt Disney worth $135,675,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after acquiring an additional 5,449,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Walt Disney by 21.8% during 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 worth $1,878,142,000 after purchasing an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. GAMMA Investing LLC boosted its stake in Walt Disney by 10,567.3% in the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock valued at $241,884,000 after purchasing an additional 2,427,728 shares during the period. Finally, Northern Trust Corp grew its holdings in 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 buying an additional 2,096,431 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. UBS Group lifted their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Citigroup lifted their price objective 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. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $129.83.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.16% of the company's stock.

Walt Disney Price Performance

Walt Disney stock opened at $119.38 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The stock has a market capitalization of $214.62 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56. The stock has a fifty day moving average of $118.95 and a 200-day moving average of $107.82.

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

Walt Disney Company 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.