Generali Asset Management SPA SGR Acquires 2,933 Shares of The Walt Disney Company $DIS

Key Points

• Generali Asset Management SPA SGR increased its stake in The Walt Disney Company by 1.8%, acquiring an additional 2,933 shares, bringing its total holdings to 168,436 shares valued at approximately $20.89 million.
• The Walt Disney Company reported $1.61 EPS for its recent quarter, exceeding analysts' expectations, and generated $23.65 billion in revenue, showcasing a 2.1% increase year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Disney's stock, with a price target averaging $131.18, indicating positive sentiment for future performance.

Generali Asset Management SPA SGR grew its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,436 shares of the entertainment giant's stock after buying an additional 2,933 shares during the period. Generali Asset Management SPA SGR's holdings in Walt Disney were worth $20,888,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DIS. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after buying an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney during the 1st quarter worth $26,000. Kessler Investment Group LLC boosted its holdings in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the period. RMG Wealth Management LLC acquired a new stake in shares of Walt Disney in the second quarter valued at about $49,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant's stock worth $57,000 after purchasing an additional 135 shares during the period. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Up 0.8%

DIS opened at $111.12 on Wednesday. The company has a market capitalization of $199.79 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.45 and a beta of 1.54. 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 firm's fifty day moving average price is $115.03 and its two-hundred day moving average price is $110.57. 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 released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period last year, the firm earned $1.39 EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Evercore ISI boosted their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Morgan Stanley raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Barclays upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Jefferies Financial Group downgraded shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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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