Fayez Sarofim & Co Has $45.54 Million Stake in The Walt Disney Company (NYSE:DIS)

Key Points

• Fayez Sarofim & Co has reduced its stake in The Walt Disney Company by 1.9%, holding a total of 461,396 shares valued at approximately $45.54 million.
• Recent analyst reports have generally upgraded Disney's stock ratings, with target prices ranging from $112 to $144 following a successful quarterly earnings report.
• Despite these positive developments, Disney's stock price has recently declined by 2.5%, opening at $115.32 with a market capitalization of $207.31 billion.

Fayez Sarofim & Co lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 461,396 shares of the entertainment giant's stock after selling 8,841 shares during the quarter. Fayez Sarofim & Co's holdings in Walt Disney were worth $45,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Walt Disney by 11.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,436,890 shares of the entertainment giant's stock worth $339,221,000 after buying an additional 350,750 shares in the last quarter. Ironwood Investment Counsel LLC lifted its position in shares of Walt Disney by 2.0% during the 1st quarter. Ironwood Investment Counsel LLC now owns 53,588 shares of the entertainment giant's stock worth $5,289,000 after buying an additional 1,029 shares in the last quarter. Arjuna Capital bought a new position in shares of Walt Disney during the 1st quarter worth approximately $1,261,000. Headlands Technologies LLC lifted its position in shares of Walt Disney by 2,649.2% during the 1st quarter. Headlands Technologies LLC now owns 30,654 shares of the entertainment giant's stock worth $3,026,000 after buying an additional 29,539 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its position in shares of Walt Disney by 3.3% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 2,436,181 shares of the entertainment giant's stock worth $240,451,000 after buying an additional 78,394 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction 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. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $144.00 in a report on Monday, June 30th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $129.83.

Walt Disney Stock Down 2.5%

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

Walt Disney (NYSE:DIS - Get Free Report) last released 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. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.