Jones Financial Companies Lllp Grows Position in The Walt Disney Company $DIS

Key Points

• Jones Financial Companies Lllp increased its stake in The Walt Disney Company by 26.8% during the first quarter, holding 396,527 shares valued at approximately $38.93 million.
• Walt Disney reported a quarterly EPS of $1.61, exceeding analysts' estimates of $1.45, with revenue reaching $23.65 billion.
• Brokerages, including Barclays and Citigroup, recently raised their price targets for Walt Disney, with an average target price now at $131.18, indicating a consensus rating of "Moderate Buy".

Jones Financial Companies Lllp lifted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 26.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 396,527 shares of the entertainment giant's stock after buying an additional 83,850 shares during the quarter. Jones Financial Companies Lllp's holdings in Walt Disney were worth $38,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Walt Disney by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $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 boosted its holdings in shares of Walt Disney by 21.8% during 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 valued at $1,878,142,000 after buying an additional 3,016,339 shares in the last quarter. Finally, Amundi grew its position in shares of Walt Disney by 11.4% in the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after buying an additional 1,520,513 shares during the period. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DIS has been the subject of a number of recent research reports. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI upped their price target on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

Walt Disney stock traded down $0.30 during mid-day trading on Monday, reaching $115.66. 7,148,485 shares of the stock traded hands, compared to its average volume of 6,004,555. The stock has a market capitalization of $207.95 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55. 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 business's 50-day moving average is $118.19 and its 200-day moving average is $109.01. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the company posted $1.39 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS 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.