State of Wyoming Buys 7,739 Shares of The Walt Disney Company $DIS

Key Points

• The State of Wyoming increased its stake in The Walt Disney Company by 142.9%, acquiring 7,739 shares to reach a total of 13,153 shares valued at approximately $1.3 million.
• Walt Disney reported earnings of $1.61 per share for the recent quarter, surpassing estimates of $1.45, with revenue at $23.65 billion.
• The stock has garnered a consensus rating of "Moderate Buy" from analysts, with a current average price target of $131.18.

State of Wyoming grew its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 142.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,153 shares of the entertainment giant's stock after purchasing an additional 7,739 shares during the period. State of Wyoming's holdings in Walt Disney were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in shares of Walt Disney during the first quarter worth $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after acquiring an additional 5,449,158 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Walt Disney by 21.8% in the 4th 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 in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after purchasing an additional 2,578,004 shares in the last quarter. Finally, Vanguard Group Inc. raised 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 valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.3%

NYSE:DIS opened at $117.68 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week 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. The firm's fifty day moving average is $119.18 and its 200-day moving average is $108.45. The firm has a market cap of $211.58 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.71 and a beta of 1.56.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DIS. Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted 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. Stephens restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, August 7th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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.

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