874,146 Shares in The Walt Disney Company $DIS Bought by Strs Ohio

Key Points

• Strs Ohio acquired a new stake in The Walt Disney Company, purchasing 874,146 shares valued at approximately $86.3 million in the first quarter.
• Analysts have mixed opinions on Disney's stock, with price targets raised by Morgan Stanley and Barclays to $140, while Jefferies downgraded it from a strong-buy to a hold rating.
• Walt Disney reported earnings of $1.61 EPS, exceeding analyst expectations, and a revenue of $23.65 billion for the last quarter.

Strs Ohio purchased a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 874,146 shares of the entertainment giant's stock, valued at approximately $86,278,000.

Other hedge funds have also added to or reduced their stakes in the company. Clearstead Trust LLC lifted its position in shares of Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after buying an additional 99 shares in the last quarter. Aspen Investment Management Inc lifted its position in shares of Walt Disney by 3.5% during the 1st quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant's stock worth $290,000 after buying an additional 100 shares in the last quarter. Hemington Wealth Management lifted its position in shares of Walt Disney by 1.9% during the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after buying an additional 105 shares in the last quarter. Leigh Baldwin & CO. LLC lifted its position in shares of Walt Disney by 2.2% during the 1st 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 in the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in shares of Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DIS shares. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. 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. Morgan Stanley 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 Monday, August 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, September 4th. Finally, Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Price Performance

Shares of DIS traded down $1.06 during mid-day trading on Friday, reaching $116.02. 7,638,964 shares of the stock traded hands, compared to its average volume of 5,960,941. The firm has a fifty day moving average price of $118.34 and a 200 day moving average price of $109.03. The company has a market cap of $208.60 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 1 year low of $80.10 and a 1 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, beating analysts' consensus estimates of $1.45 by $0.16. The firm 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 business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.