Mitsubishi UFJ Asset Management UK Ltd. Takes $1.24 Million Position in The Walt Disney Company $DIS

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. has acquired a new position in The Walt Disney Company worth approximately $1.24 million, purchasing 10,000 shares during the second quarter.
• Several institutional investors increased their stakes in Walt Disney, with notable increases including an 82.5% increase in DiNuzzo Private Wealth Inc.'s holdings during the same period.
• The Walt Disney Company reported a quarterly earnings per share of $1.61, surpassing analysts' expectations of $1.45, with a total revenue of $23.65 billion for the quarter.

Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,000 shares of the entertainment giant's stock, valued at approximately $1,240,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Physician Wealth Advisors Inc. lifted its position in Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock worth $323,000 after acquiring an additional 87 shares during the period. Bruce G. Allen Investments LLC raised its stake in shares of Walt Disney by 9.1% in the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant's stock worth $139,000 after purchasing an additional 94 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares during the period. Clearstead Trust LLC boosted its position in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after buying an additional 99 shares during the last quarter. Finally, Aspen Investment Management Inc increased its holdings in Walt Disney by 3.5% in the 1st quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant's stock worth $290,000 after buying an additional 100 shares during the period. Institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. UBS Group raised their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Finally, Rosenblatt Securities boosted their price objective on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $114.47 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a market capitalization of $205.81 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.66 and a beta of 1.55. The business's fifty day moving average price is $116.70 and its 200 day moving average price is $109.75.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. On average, sell-side analysts anticipate 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.

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