OVERSEA CHINESE BANKING Corp Ltd Has $66.84 Million Holdings in The Walt Disney Company (NYSE:DIS)

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 209.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 677,199 shares of the entertainment giant's stock after acquiring an additional 458,044 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Walt Disney were worth $66,840,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $27,000. Kessler Investment Group LLC lifted its position in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Walt Disney during the 4th quarter worth approximately $32,000. Copia Wealth Management bought a new position in shares of Walt Disney during the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DIS. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Barclays lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Guggenheim lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and lifted their price objective for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $127.35.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Down 0.9%

Shares of NYSE DIS traded down $1.07 during midday trading on Tuesday, reaching $118.90. The company's stock had a trading volume of 7,938,469 shares, compared to its average volume of 10,011,118. The stock has a 50 day simple moving average of $115.99 and a 200-day simple moving average of $106.77. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $213.75 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.75 and a beta of 1.56. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.