SCS Capital Management LLC Makes New $1.01 Million Investment in The Walt Disney Company $DIS

Key Points

• SCS Capital Management LLC made a new investment in The Walt Disney Company during the 1st quarter, purchasing 10,204 shares valued at approximately $1.01 million.
• Several institutional investors, including Vanguard Group Inc. and UBS Asset Management, have boosted their positions in Walt Disney, indicating strong interest from major investors.
• Barclays raised its price target for Walt Disney from $120.00 to $140.00, reflecting increased optimism about the company's future performance.

SCS Capital Management LLC bought a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,204 shares of the entertainment giant's stock, valued at approximately $1,007,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $1,758,968,000 after purchasing an additional 717,066 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after purchasing an additional 3,016,339 shares during the last quarter. Finally, Amundi boosted its position in Walt Disney by 11.4% in the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DIS shares. 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. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Performance

NYSE:DIS opened at $115.91 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock's 50 day simple moving average is $118.64 and its two-hundred day simple moving average is $108.95. The company has a market cap of $208.40 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.70 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data 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. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the previous year, the company posted $1.39 EPS. The company's revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.