The Walt Disney Company $DIS Shares Purchased by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d investissement inc. increased its stake in The Walt Disney Company by 40.4%, now owning 94,062 shares worth approximately $11.67 million.
• The Walt Disney Company recently reported $1.61 EPS for the quarter, surpassing analysts' expectations of $1.45, with total revenues of $23.65 billion.
• Wall Street analysts have raised their price targets for Disney, with estimates now ranging from $120.00 to $140.00, reflecting a generally positive outlook for the stock.

Financiere des Professionnels Fonds d investissement inc. increased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 40.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,062 shares of the entertainment giant's stock after acquiring an additional 27,058 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in Walt Disney were worth $11,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrive Wealth Management LLC grew its holdings in Walt Disney by 7.4% in the second quarter. Thrive Wealth Management LLC now owns 4,240 shares of the entertainment giant's stock valued at $526,000 after purchasing an additional 292 shares during the period. Post Resch Tallon Group Inc. acquired a new stake in Walt Disney in the second quarter valued at approximately $216,000. Balefire LLC acquired a new stake in Walt Disney in the second quarter valued at approximately $343,000. Inspirion Wealth Advisors LLC grew its holdings in Walt Disney by 20.4% in the second quarter. Inspirion Wealth Advisors LLC now owns 4,427 shares of the entertainment giant's stock valued at $549,000 after purchasing an additional 750 shares during the period. Finally, Krilogy Financial LLC grew its holdings in Walt Disney by 6.2% in the second quarter. Krilogy Financial LLC now owns 36,643 shares of the entertainment giant's stock valued at $4,544,000 after purchasing an additional 2,147 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 1.4%

Shares of NYSE DIS traded down $1.64 during trading on Monday, reaching $112.12. The stock had a trading volume of 7,494,607 shares, compared to its average volume of 9,462,129. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week 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 business's 50-day moving average price is $117.71 and its 200-day moving average price is $109.17. The company has a market cap of $201.58 billion, a P/E ratio of 17.59, a PEG ratio of 1.65 and a beta of 1.55.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DIS shares. Guggenheim raised their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Evercore ISI raised their target price on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.