Fifth Third Bancorp Raises Stake in The Walt Disney Company $DIS

Key Points

• Fifth Third Bancorp increased its stake in The Walt Disney Company by 0.4% in the second quarter, bringing its total holdings to 689,039 shares valued at approximately $85.4 million.
• Major institutional investments in Disney included Kingstone Capital's new stake valued at $4.22 billion and Diamond Hill Capital's increased holdings by 1,080.7% to 2.8 million shares.
• Walt Disney reported $1.61 EPS for the recent quarter, exceeding analyst expectations of $1.45, with a revenue of $23.65 billion, slightly below expectations.

Fifth Third Bancorp boosted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 689,039 shares of the entertainment giant's stock after buying an additional 2,665 shares during the quarter. Fifth Third Bancorp's holdings in Walt Disney were worth $85,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in DIS. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Walt Disney during the second quarter valued at approximately $4,220,599,000. Nuveen LLC bought a new position in shares of Walt Disney during the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. raised its holdings in Walt Disney by 1,080.7% in the first 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 in the last quarter. Vanguard Group Inc. raised its holdings in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Walt Disney by 10,567.3% in the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock worth $241,884,000 after purchasing an additional 2,427,728 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stephens restated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $112.21 on Wednesday. The company has a market cap of $201.74 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.63 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock's 50 day simple moving average is $117.43 and its two-hundred day simple moving average is $109.24. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its 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. The firm had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. As a group, equities analysts anticipate 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.

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