KBC Group NV Buys 857,270 Shares of The Walt Disney Company (NYSE:DIS)

KBC Group NV lifted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 92.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,784,726 shares of the entertainment giant's stock after acquiring an additional 857,270 shares during the period. KBC Group NV owned approximately 0.10% of Walt Disney worth $176,153,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Root Financial Partners LLC lifted its holdings in shares of Walt Disney by 56.2% during the 1st quarter. Root Financial Partners LLC now owns 3,064 shares of the entertainment giant's stock worth $302,000 after acquiring an additional 1,102 shares during the last quarter. Cohen Investment Advisors LLC raised its position in Walt Disney by 772.3% in the 1st quarter. Cohen Investment Advisors LLC now owns 179,207 shares of the entertainment giant's stock worth $17,688,000 after purchasing an additional 158,663 shares during the period. Joel Isaacson & Co. LLC raised its position in Walt Disney by 5.2% in the 1st quarter. Joel Isaacson & Co. LLC now owns 29,458 shares of the entertainment giant's stock worth $2,907,000 after purchasing an additional 1,445 shares during the period. TBH Global Asset Management LLC raised its position in Walt Disney by 1.1% in the 1st quarter. TBH Global Asset Management LLC now owns 21,636 shares of the entertainment giant's stock worth $2,135,000 after purchasing an additional 226 shares during the period. Finally, Aljian Capital Management LLC raised its position in Walt Disney by 2.2% in the 1st quarter. Aljian Capital Management LLC now owns 12,490 shares of the entertainment giant's stock worth $1,233,000 after purchasing an additional 272 shares during the period. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by insiders.

Walt Disney Price Performance

Shares of NYSE DIS opened at $122.39 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $122.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The company's 50-day moving average is $108.25 and its 200 day moving average is $105.96. The stock has a market capitalization of $220.02 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.79 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DIS shares. Barclays lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Guggenheim lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Rosenblatt Securities lifted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $124.79.

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.

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