Morningstar Investment Management LLC Grows Stock Position in The Walt Disney Company $DIS

Key Points

• Morningstar Investment Management LLC increased its stake in The Walt Disney Company by 23.6% during the second quarter, owning a total of 69,311 shares valued at approximately $8.6 million.
• Several other institutional investors also raised their positions, with 65.71% of Disney's stock being held by institutional investors and hedge funds.
• Analysts have varying ratings for Disney, with UBS and Barclays both raising their target prices to $138.00 and $140.00, respectively, while Jefferies has downgraded the company from "strong-buy" to "hold."

Morningstar Investment Management LLC raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 23.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,311 shares of the entertainment giant's stock after purchasing an additional 13,217 shares during the period. Walt Disney comprises approximately 0.8% of Morningstar Investment Management LLC's holdings, making the stock its 22nd largest holding. Morningstar Investment Management LLC's holdings in Walt Disney were worth $8,595,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Physician Wealth Advisors Inc. lifted its stake in Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock worth $323,000 after purchasing an additional 87 shares during the last quarter. Childress Capital Advisors LLC lifted its stake in Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant's stock worth $341,000 after purchasing an additional 87 shares during the last quarter. Apollon Financial LLC lifted its stake in Walt Disney by 1.5% during the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant's stock worth $755,000 after purchasing an additional 87 shares during the last quarter. Community Bank N.A. lifted its stake in Walt Disney by 0.4% during the second quarter. Community Bank N.A. now owns 23,045 shares of the entertainment giant's stock worth $2,858,000 after purchasing an additional 89 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its stake in 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 valued at $139,000 after buying an additional 94 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Barclays raised their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. raised 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. Finally, Chardan Capital reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Price Performance

NYSE:DIS opened at $110.32 on Tuesday. The business's 50-day moving average price is $115.18 and its 200 day moving average price is $110.57. The firm has a market cap of $198.35 billion, a P/E ratio of 17.29, a PEG ratio of 1.43 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The firm 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%.Walt Disney's 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. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.

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