Martingale Asset Management L P Takes Position in The Walt Disney Company $DIS

Key Points

• Martingale Asset Management acquired 70,810 shares of The Walt Disney Company, valued at approximately $6.99 million, indicating growing institutional interest in the stock.
• Several analysts have raised their target prices for Disney, with notable increases from Morgan Stanley, Citigroup, and Guggenheim, reflecting positive outlooks on the company's performance.
• The Walt Disney Company reported earnings of $1.61 per share for its recent quarter, surpassing expectations and showing a 2.1% increase in revenue year-over-year.

Martingale Asset Management L P acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 70,810 shares of the entertainment giant's stock, valued at approximately $6,989,000.

A number of other institutional investors have also modified their holdings of the company. Clearstead Trust LLC grew its stake in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after purchasing an additional 99 shares in the last quarter. Hemington Wealth Management grew its stake in Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after purchasing an additional 105 shares in the last quarter. Allegheny Financial Group grew its stake in Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares in the last quarter. Leigh Baldwin & CO. LLC grew its stake in Walt Disney by 2.2% in the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after purchasing an additional 108 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after acquiring an additional 113 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Guggenheim lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. lifted their price target on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Trading Down 0.7%

NYSE DIS opened at $116.2350 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month 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. The stock has a market cap of $208.98 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.69 and a beta of 1.56. The firm's 50 day moving average price is $119.20 and its two-hundred day moving average price is $108.21.

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 for the quarter, topping 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 firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the company posted $1.39 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current 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.

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