Korea Investment CORP Raises Holdings in The Walt Disney Company $DIS

Key Points

• Korea Investment CORP increased its stake in The Walt Disney Company by 6.6% during the first quarter, owning approximately 1,376,426 shares valued at $135.85 million.
• Walt Disney reported $1.61 EPS for the last quarter, exceeding analysts' expectations of $1.45 and achieving a revenue of $23.65 billion.
• Various investment firms have updated their price targets for Walt Disney, with Guggenheim raising it from $120.00 to $140.00 and several analysts maintaining a "buy" rating on the stock.

Korea Investment CORP grew its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,376,426 shares of the entertainment giant's stock after purchasing an additional 85,466 shares during the quarter. Korea Investment CORP owned approximately 0.08% of Walt Disney worth $135,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. Nuveen LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after purchasing an additional 5,449,158 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Walt Disney by 21.8% during the fourth 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 purchasing an additional 3,016,339 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after purchasing an additional 2,578,004 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 2.4%

NYSE:DIS traded up $2.7340 during mid-day trading on Friday, hitting $118.9440. 4,039,273 shares of the company's stock traded hands, compared to its average volume of 9,693,716. The company has a fifty day moving average of $119.20 and a 200 day moving average of $108.21. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market capitalization of $213.85 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.69 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.

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

Analyst Ratings Changes

DIS has been the topic of several analyst reports. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group boosted their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, August 7th. Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" 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's stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

About Walt Disney

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.