Sprucegrove Investment Management Ltd. Has $18.18 Million Stock Position in The Walt Disney Company $DIS

Key Points

• Sprucegrove Investment Management Ltd. reduced its stake in The Walt Disney Company by 24% in the first quarter, holding approximately $18.18 million worth of shares.
• Walt Disney reported $1.61 earnings per share for the last quarter, exceeding analysts’ expectations of $1.45, with a year-over-year revenue increase of 2.1%.
• Walt Disney's average rating is currently a "Moderate Buy" with a consensus price target of $131.18, as indicated by a report analyzing various analysts' ratings.

Sprucegrove Investment Management Ltd. lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 24.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,170 shares of the entertainment giant's stock after selling 58,019 shares during the quarter. Walt Disney accounts for 1.6% of Sprucegrove Investment Management Ltd.'s investment portfolio, making the stock its 11th largest holding. Sprucegrove Investment Management Ltd.'s holdings in Walt Disney were worth $18,178,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Clearstead Trust LLC raised its position in shares of Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after buying an additional 99 shares during the last quarter. Hemington Wealth Management grew its stake in Walt Disney by 1.9% during the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after buying an additional 105 shares during the period. Allegheny Financial Group grew its stake in Walt Disney by 2.3% during the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after buying an additional 106 shares during the period. Leigh Baldwin & CO. LLC grew its stake in Walt Disney by 2.2% during the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after buying an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC lifted its position in shares of Walt Disney by 0.4% during the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DIS shares. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Barclays upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Performance

DIS stock traded down $0.95 during midday trading on Friday, hitting $115.36. The stock had a trading volume of 6,766,517 shares, compared to its average volume of 8,792,395. The firm has a market capitalization of $207.41 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.67 and a beta of 1.56. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The stock has a 50-day simple moving average of $119.33 and a 200 day simple moving average of $108.06. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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