Generali Investments Towarzystwo Funduszy Inwestycyjnych Trims Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its stake in The Walt Disney Company by 34.8%, now holding 8,500 shares valued at $839,000.
• Investor sentiment remains strong as several large entities like Northern Trust Corp and UBS AM have increased their positions in Disney, contributing to heightened institutional ownership of over 65%.
• Recent quarterly earnings for Disney showed a profit of $1.45 per share, exceeding analysts' expectations, alongside a year-over-year revenue increase of 7%.

Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 34.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,500 shares of the entertainment giant's stock after selling 4,541 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Walt Disney were worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Northern Trust Corp raised its position in shares of Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after buying an additional 2,096,431 shares during the period. Bank of New York Mellon Corp raised its position in shares of Walt Disney by 4.2% in 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 buying an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Walt Disney by 21.8% in 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 buying an additional 3,016,339 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Walt Disney by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock worth $1,240,025,000 after buying an additional 192,871 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Walt Disney by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,523,946 shares of the entertainment giant's stock worth $837,775,000 after buying an additional 163,845 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $116.57 on Friday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The business has a 50 day moving average price of $118.76 and a two-hundred day moving average price of $107.72. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a market cap of $209.56 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIS. Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. UBS Group increased 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. Barclays increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and raised their price objective for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Finally, Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $128.70.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

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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