Sumitomo Mitsui Trust Group Inc. increased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,912,411 shares of the entertainment giant's stock after acquiring an additional 202,013 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Walt Disney worth $609,188,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney in the first quarter valued at $26,000. DiNuzzo Private Wealth Inc. raised its stake in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after buying an additional 94 shares in the last quarter. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the second quarter valued at $37,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Walt Disney during the second quarter worth about $49,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Price Performance
Shares of DIS opened at $113.12 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock's 50 day moving average is $114.72 and its two-hundred day moving average is $111.43. The firm has a market capitalization of $203.39 billion, a PE ratio of 17.77, a P/E/G ratio of 1.48 and a beta of 1.54. 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 posted its quarterly earnings results 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period last year, the firm earned $1.39 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.
Analysts Set New Price Targets
DIS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a research report on Wednesday, October 8th. Barclays lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup raised 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. Finally, Stephens reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $132.90.
View Our Latest Stock Report on Walt Disney
About Walt Disney
(
Free Report)
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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