Fox Run Management L.L.C. Invests $1.02 Million in The Walt Disney Company (NYSE:DIS)

Key Points

• Fox Run Management L.L.C. has invested approximately $1.02 million in The Walt Disney Company, acquiring 10,330 shares in the process.
• Multiple institutional investors have increased their stakes in Disney, with Vanguard Group boosting its position by 1.6% and others such as UBS AM and Northern Trust significantly raising their holdings.
• Walt Disney reported earnings of $1.61 EPS for the latest quarter, surpassing analysts' estimates, and its stock currently holds a consensus rating of "Moderate Buy" with a target price of $131.18.

Fox Run Management L.L.C. purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,330 shares of the entertainment giant's stock, valued at approximately $1,020,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Walt Disney by 1.6% during the 1st 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 during the period. Northern Trust Corp boosted its position in shares of Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $1,758,968,000 after purchasing an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 period. Finally, Nuveen LLC purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $1,353,607,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $116.34 on Friday. The stock's 50-day moving average is $119.30 and its two-hundred day moving average is $108.11. The firm has a market cap of $209.17 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.69 and a beta of 1.56. The Walt Disney Company has a 1 year low of $80.10 and a 1 year 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.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 earnings per share. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Barclays increased their price objective 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. Rosenblatt Securities raised their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, August 7th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

About Walt Disney

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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