Inspire Trust Co. N.A. Buys 4,000 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Inspire Trust Co. N.A. increased its holdings in The Walt Disney Company by 14.3% during Q1, acquiring an additional 4,000 shares, bringing its total ownership to 32,000 shares valued at approximately $3.16 million.
• Multiple large investors, including Nuveen LLC and Diamond Hill Capital Management, have significantly modified their positions in Disney, with institutional ownership now at 65.71% of the company's stock.
• Walt Disney's latest earnings report showed an EPS of $1.61, exceeding analyst estimates, with a 2.1% year-over-year revenue increase despite slightly missing the revenue expectations.

Inspire Trust Co. N.A. lifted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,000 shares of the entertainment giant's stock after buying an additional 4,000 shares during the period. Inspire Trust Co. N.A.'s holdings in Walt Disney were worth $3,158,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its stake in Walt Disney by 291.4% during the first quarter. Kovitz Investment Group Partners LLC now owns 343,585 shares of the entertainment giant's stock worth $33,912,000 after purchasing an additional 255,810 shares during the period. Boston Partners lifted its stake in Walt Disney by 19.2% during the first quarter. Boston Partners now owns 3,758,291 shares of the entertainment giant's stock worth $368,527,000 after purchasing an additional 604,984 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of Walt Disney by 6.3% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 364,358 shares of the entertainment giant's stock valued at $35,962,000 after acquiring an additional 21,499 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in shares of Walt Disney by 419.4% in the first quarter. E Fund Management Co. Ltd. now owns 23,285 shares of the entertainment giant's stock valued at $2,298,000 after acquiring an additional 18,802 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of Walt Disney by 62.2% in the first quarter. Financial Network Wealth Advisors LLC now owns 2,235 shares of the entertainment giant's stock valued at $221,000 after acquiring an additional 857 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Rosenblatt Securities lifted their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 0.8%

NYSE DIS traded down $0.95 on Friday, reaching $115.36. The company had a trading volume of 6,766,517 shares, compared to its average volume of 8,928,304. The firm has a market capitalization of $207.41 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. 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 Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company's fifty day moving average is $119.33 and its 200-day moving average is $108.13.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. On average, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.