Marshfield Associates Has $157.85 Million Stake in The Walt Disney Company $DIS

Key Points

• Marshfield Associates increased its stake in The Walt Disney Company by 0.4%, now owning approximately 1.6 million shares valued at $157.85 million.
• Several institutional investors, including Vanguard Group and Bank of New York Mellon, have also raised their holdings in Disney, indicating strong interest from major market players.
• Walt Disney reported earnings of $1.61 per share for the last quarter, surpassing expectations, while experiencing a 2.1% increase in revenue year-over-year.

Marshfield Associates increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,599,320 shares of the entertainment giant's stock after buying an additional 7,038 shares during the period. Walt Disney comprises 3.4% of Marshfield Associates' portfolio, making the stock its 13th largest holding. Marshfield Associates owned approximately 0.09% of Walt Disney worth $157,853,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Beck Mack & Oliver LLC boosted its stake in Walt Disney by 12.1% in the 1st quarter. Beck Mack & Oliver LLC now owns 3,989 shares of the entertainment giant's stock worth $394,000 after buying an additional 431 shares during the last quarter. Graham Capital Management L.P. lifted its position in Walt Disney by 466.3% during the 1st quarter. Graham Capital Management L.P. now owns 87,262 shares of the entertainment giant's stock worth $8,613,000 after acquiring an additional 71,853 shares in the last quarter. Quarry LP lifted its position in Walt Disney by 23.6% during the 1st quarter. Quarry LP now owns 1,968 shares of the entertainment giant's stock worth $194,000 after acquiring an additional 376 shares in the last quarter. Calton & Associates Inc. raised its position in shares of Walt Disney by 142.7% in the 1st quarter. Calton & Associates Inc. now owns 5,141 shares of the entertainment giant's stock valued at $507,000 after purchasing an additional 3,023 shares in the last quarter. Finally, Saudi Central Bank acquired a new position in shares of Walt Disney in the 1st quarter valued at approximately $70,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS stock traded down $0.12 during mid-day trading on Tuesday, reaching $118.26. The stock had a trading volume of 6,012,545 shares, compared to its average volume of 7,982,320. The firm's 50 day simple moving average is $119.21 and its 200 day simple moving average is $108.56. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market cap of $212.62 billion, a PE ratio of 18.54, a P/E/G ratio of 1.71 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. On average, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

DIS has been the subject of a number of research analyst reports. Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price objective on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Rosenblatt Securities upped their target price on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.