Jump Financial LLC Buys 327,147 Shares of The Walt Disney Company $DIS

Key Points

• Jump Financial LLC significantly increased its stake in The Walt Disney Company, growing its holdings by 3,135.7% to approximately $33.32 million, making Disney its 22nd largest position.
• Walt Disney reported $1.61 earnings per share for its recent quarter, exceeding consensus estimates, and reported revenues of $23.65 billion, marking a 2.1% year-over-year increase.
• Institutional investors collectively own 65.71% of Walt Disney's stock, highlighting strong interest from hedge funds and financial institutions in the company's performance.

Jump Financial LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3,135.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,580 shares of the entertainment giant's stock after purchasing an additional 327,147 shares during the quarter. Walt Disney comprises 0.5% of Jump Financial LLC's investment portfolio, making the stock its 22nd biggest holding. Jump Financial LLC's holdings in Walt Disney were worth $33,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cadence Bank raised its holdings in shares of Walt Disney by 13.4% in the 1st quarter. Cadence Bank now owns 12,903 shares of the entertainment giant's stock worth $1,274,000 after acquiring an additional 1,525 shares during the last quarter. APG Asset Management N.V. increased its stake in Walt Disney by 6.2% in the 1st quarter. APG Asset Management N.V. now owns 1,758,280 shares of the entertainment giant's stock valued at $160,658,000 after buying an additional 103,187 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Walt Disney by 2.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 16,708 shares of the entertainment giant's stock valued at $1,639,000 after buying an additional 346 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Walt Disney by 2.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 269,019 shares of the entertainment giant's stock valued at $26,552,000 after buying an additional 6,376 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Walt Disney by 0.8% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 543,180 shares of the entertainment giant's stock valued at $53,612,000 after buying an additional 4,262 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on DIS. Morgan Stanley increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital raised 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. Finally, Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. One 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 company. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Up 2.1%

NYSE:DIS traded up $2.4540 during trading hours on Friday, reaching $118.6640. The company's stock had a trading volume of 7,157,159 shares, compared to its average volume of 8,774,050. The firm has a market capitalization of $213.35 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.72 and a beta of 1.56. The firm has a 50-day simple moving average of $119.22 and a 200-day simple moving average of $108.21. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for 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 firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 EPS. Research analysts expect that The Walt Disney Company will post 5.47 EPS 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.