The Walt Disney Company (NYSE:DIS) Stock Holdings Increased by Legacy Capital Group California Inc.

Key Points

• Legacy Capital Group California Inc. increased its position in The Walt Disney Company by 45.8%, acquiring an additional 7,465 shares, bringing its total to 23,749 shares.
• The Walt Disney Company reported $1.45 earnings per share for its last quarter, exceeding expectations, with a revenue of $23.62 billion, which was also above consensus estimates.
• Institutional investors hold 65.71% of Walt Disney's stock, with notable hedge fund activity including J. Safra Sarasin's 8.1% increase and Rheos Capital Works' 164.7% increase in their positions during the first quarter.

Legacy Capital Group California Inc. raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 45.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,749 shares of the entertainment giant's stock after acquiring an additional 7,465 shares during the quarter. Walt Disney accounts for about 0.8% of Legacy Capital Group California Inc.'s investment portfolio, making the stock its 17th largest holding. Legacy Capital Group California Inc.'s holdings in Walt Disney were worth $2,344,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DIS. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Walt Disney by 1,900.0% in 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 worth $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 lifted its holdings in 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 worth $1,878,142,000 after buying an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after acquiring an additional 2,578,004 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Walt Disney by 10,567.3% in the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock valued at $241,884,000 after acquiring an additional 2,427,728 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday. Citigroup boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Guggenheim raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Evercore ISI lifted their target price on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price target on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $129.83.

Walt Disney Price Performance

Walt Disney stock traded down $2.28 during trading hours on Thursday, hitting $112.89. 15,471,053 shares of the company traded hands, compared to its average volume of 8,322,005. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market cap of $202.94 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.68 and a beta of 1.56. The firm's 50-day simple moving average is $119.18 and its two-hundred day simple moving average is $107.98. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period last year, the firm posted $1.39 earnings per share. The business's revenue was up 2.1% on a year-over-year basis. As a group, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.