Erste Asset Management GmbH Has $22.44 Million Holdings in The Walt Disney Company $DIS

Key Points

• Erste Asset Management GmbH reduced its holdings in The Walt Disney Company (NYSE:DIS) by 2.4% in Q1, owning 226,366 shares valued at approximately $22.44 million after selling 5,592 shares.
• Analysts are optimistic about Walt Disney, with several firms raising their price targets; for example, Barclays lifted its target from $120 to $140 and maintained an "overweight" rating.
• The company reported $1.61 EPS in its latest earnings announcement, exceeding estimates and signaling a year-over-year revenue growth of 2.1%.

Erste Asset Management GmbH trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,366 shares of the entertainment giant's stock after selling 5,592 shares during the period. Erste Asset Management GmbH's holdings in Walt Disney were worth $22,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DIS. J. Safra Sarasin Holding AG raised its position 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 stake in Walt Disney during the first quarter worth $326,000. WoodTrust Financial Corp raised its position 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 raised its position 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. raised its position 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. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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, August 7th. Barclays upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Citigroup upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, UBS Group upped their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $116.2030 on Wednesday. The company has a market capitalization of $208.92 billion, a PE ratio of 18.21, a P/E/G ratio of 1.68 and a beta of 1.56. The company has a 50 day simple moving average of $119.29 and a two-hundred day simple moving average of $108.14. 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 Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current 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.

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