The Walt Disney Company (NYSE:DIS) Stock Position Reduced by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG reduced its stake in The Walt Disney Company by 1.0%, holding 548,515 shares worth approximately $53.79 million after selling 5,526 shares in the first quarter.
• Wall Street analysts have generally shown optimism toward Disney stock, with 19 buy ratings and a consensus price target of $128.70, indicating strong market confidence.
• Walt Disney reported earnings of $1.45 per share, exceeding analyst estimates, with quarterly revenue reaching $23.62 billion, a 7.0% increase compared to the previous year.

Raiffeisen Bank International AG lessened its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 548,515 shares of the entertainment giant's stock after selling 5,526 shares during the quarter. Raiffeisen Bank International AG's holdings in Walt Disney were worth $53,793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $27,000. Kessler Investment Group LLC raised its stake in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $32,000. Finally, Copia Wealth Management purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $36,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock traded up $2.79 during trading hours on Monday, hitting $119.38. The stock had a trading volume of 8,833,063 shares, compared to its average volume of 7,022,347. The firm has a market capitalization of $214.62 billion, a PE ratio of 24.41, a PEG ratio of 1.71 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock's 50 day moving average is $118.76 and its 200 day moving average is $107.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

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

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. raised their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.83.

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.