Graybill Wealth Management LTD. Purchases New Position in The Walt Disney Company (NYSE:DIS)

Graybill Wealth Management LTD. purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 36,099 shares of the entertainment giant's stock, valued at approximately $3,563,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the last quarter. Boston Partners bought a new position in shares of Walt Disney during the fourth quarter valued at about $350,707,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Walt Disney by 21.8% in the fourth 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. Institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on DIS shares. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $144.00 in a report on Monday, June 30th. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Barclays boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Citigroup boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.35.

Walt Disney Stock Down 1.4%

Shares of DIS stock opened at $119.82 on Monday. The stock has a market cap of $215.41 billion, a P/E ratio of 24.50, a PEG ratio of 1.75 and a beta of 1.56. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. 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 company's fifty day simple moving average is $114.90 and its two-hundred day simple moving average is $106.62.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.21 EPS. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

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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