Sumitomo Mitsui Trust Group Inc. Boosts Stake in The Walt Disney Company (NYSE:DIS)

Sumitomo Mitsui Trust Group Inc. increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,710,398 shares of the entertainment giant's stock after purchasing an additional 76,759 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Walt Disney worth $464,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of Walt Disney by 19.7% in the first quarter. Golden State Wealth Management LLC now owns 7,220 shares of the entertainment giant's stock valued at $713,000 after purchasing an additional 1,188 shares during the period. Capitol Family Office Inc. acquired a new position in shares of Walt Disney in the first quarter valued at approximately $52,000. Patron Partners LLC increased its holdings in shares of Walt Disney by 22.2% in the first quarter. Patron Partners LLC now owns 3,676 shares of the entertainment giant's stock valued at $363,000 after purchasing an additional 669 shares during the period. CWC Advisors LLC. increased its holdings in shares of Walt Disney by 1.2% in the first quarter. CWC Advisors LLC. now owns 14,212 shares of the entertainment giant's stock valued at $1,403,000 after purchasing an additional 170 shares during the period. Finally, Jeppson Wealth Management LLC increased its holdings in shares of Walt Disney by 0.3% in the first quarter. Jeppson Wealth Management LLC now owns 48,400 shares of the entertainment giant's stock valued at $4,777,000 after purchasing an additional 123 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.16% of the company's stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $122.39 on Friday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $122.94. The business has a 50 day moving average price of $108.25 and a two-hundred day moving average price of $106.02. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a market cap of $220.02 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.78 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIS has been the topic of a number of analyst reports. Barclays lifted their price target on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Rosenblatt Securities lifted their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, UBS Group lifted their price target on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.79.

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.

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