Scoggin Management LP Acquires 5,000 Shares of The Walt Disney Company $DIS

Key Points

• Scoggin Management LP increased its stake in The Walt Disney Company (NYSE:DIS) by 7.1%, now owning 75,000 shares worth approximately $7.40 million.
• Walt Disney reported a Q3 EPS of $1.61, exceeding the consensus estimate of $1.45, and its revenue of $23.65 billion marked a 2.1% year-over-year increase.
• Analysts have raised price targets for Walt Disney, with Morgan Stanley increasing its target from $120 to $140, while the stock has an average rating of "Moderate Buy" and a consensus target price of $131.18.

Scoggin Management LP lifted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,000 shares of the entertainment giant's stock after acquiring an additional 5,000 shares during the quarter. Walt Disney comprises approximately 2.1% of Scoggin Management LP's holdings, making the stock its 14th largest position. Scoggin Management LP's holdings in Walt Disney were worth $7,402,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DIS. J. Safra Sarasin Holding AG boosted its stake in Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares during the period. Planning Directions Inc. bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $326,000. WoodTrust Financial Corp lifted its position in shares of Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after acquiring an additional 6,047 shares during the period. Bank of Stockton lifted its position in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after acquiring an additional 383 shares during the period. Finally, Lodge Hill Capital LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $24,373,000. Institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DIS shares. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. raised their target price on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Barclays lifted 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 Wednesday, July 9th. Evercore ISI raised their price target on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Trading Down 0.9%

NYSE:DIS traded down $1.01 on Wednesday, reaching $117.26. The company's stock had a trading volume of 6,211,738 shares, compared to its average volume of 7,982,320. The firm has a market cap of $210.83 billion, a PE ratio of 18.38, a PEG ratio of 1.71 and a beta of 1.55. The business's 50-day moving average price is $119.20 and its two-hundred day moving average price is $108.62. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The company 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%.The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. Equities research analysts anticipate 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.