Russell Investments Group Ltd. Raises Stake in The Walt Disney Company (NYSE:DIS)

Key Points

• Russell Investments Group Ltd. increased its stake in The Walt Disney Company by 6.6%, owning approximately 1,331,664 shares valued at $131.3 million.
• Walt Disney's stock price opened at $112.60, with a market capitalization of $202.45 billion and a P/E ratio of 17.65.
• Walt Disney's recent earnings report revealed an EPS of $1.61, surpassing estimates, while the company's revenue for the quarter was $23.65 billion.

Russell Investments Group Ltd. boosted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,331,664 shares of the entertainment giant's stock after purchasing an additional 81,893 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Walt Disney worth $131,326,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Resona Asset Management Co. Ltd. grew its position in Walt Disney by 10.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,050,930 shares of the entertainment giant's stock worth $103,574,000 after purchasing an additional 99,703 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Walt Disney by 3.5% in the first quarter. Public Sector Pension Investment Board now owns 543,990 shares of the entertainment giant's stock valued at $53,692,000 after purchasing an additional 18,347 shares during the period. Eagle Global Advisors LLC raised its position in Walt Disney by 6.8% during the first quarter. Eagle Global Advisors LLC now owns 46,335 shares of the entertainment giant's stock worth $4,573,000 after acquiring an additional 2,954 shares during the last quarter. AIA Group Ltd raised its position in Walt Disney by 64.3% during the first quarter. AIA Group Ltd now owns 25,944 shares of the entertainment giant's stock worth $2,561,000 after acquiring an additional 10,158 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. raised its position in Walt Disney by 3.2% during the first quarter. Financial Engines Advisors L.L.C. now owns 8,573 shares of the entertainment giant's stock worth $847,000 after acquiring an additional 265 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.2%

Walt Disney stock opened at $112.60 on Tuesday. The company has a 50-day simple moving average of $119.16 and a 200-day simple moving average of $107.98. The firm has a market capitalization of $202.45 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.62 and a beta of 1.56. 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 Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on DIS. Jefferies Financial Group restated a "hold" rating on shares of Walt Disney in a research report on Monday. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday. Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a report on Monday. Finally, Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

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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