The Walt Disney Company $DIS Shares Purchased by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has increased its holdings in The Walt Disney Company by 1.1%, now owning 1,425,512 shares valued at approximately $140 million.
• Walt Disney reported an EPS of $1.61 for the last quarter, surpassing analysts' expectations of $1.45, with revenue slightly below estimates at $23.65 billion.
• Research analyst reports show a consensus rating of "Moderate Buy" for Walt Disney, with price targets ranging from $120 to $141 from various analysts.

Great Lakes Advisors LLC increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,425,512 shares of the entertainment giant's stock after purchasing an additional 15,600 shares during the period. Walt Disney accounts for about 1.3% of Great Lakes Advisors LLC's holdings, making the stock its 14th biggest holding. Great Lakes Advisors LLC owned approximately 0.08% of Walt Disney worth $140,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney in the fourth quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter valued at $26,000. Kessler Investment Group LLC raised its position in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management acquired a new position in shares of Walt Disney in the 4th quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney during the 4th quarter worth $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DIS. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. 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. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Down 1.2%

DIS stock traded down $1.46 during mid-day trading on Wednesday, reaching $115.91. The company had a trading volume of 7,481,994 shares, compared to its average volume of 5,958,076. 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 market capitalization of $208.40 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.70 and a beta of 1.55. 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 firm has a fifty day simple moving average of $118.78 and a 200 day simple moving average of $108.90.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. Analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.