T. Rowe Price Investment Management Inc. Buys 18,525 Shares of The Walt Disney Company $DIS

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in The Walt Disney Company by 35.3% during the 1st quarter, bringing its total holdings to 71,025 shares valued at approximately $7,011,000.
• Walt Disney reported earnings of $1.61 per share, exceeding analysts' estimates of $1.45, with a quarterly revenue of $23.65 billion.
• Analyst ratings for Walt Disney are positive, with a consensus rating of "Moderate Buy" and an average price target of $131.18 among various investment firms.

T. Rowe Price Investment Management Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 35.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,025 shares of the entertainment giant's stock after purchasing an additional 18,525 shares during the quarter. T. Rowe Price Investment Management Inc.'s holdings in Walt Disney were worth $7,011,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DIS. Nuveen LLC acquired a new position in shares of Walt Disney during the 1st quarter worth approximately $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased 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 worth $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Walt Disney by 21.8% during 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 acquiring an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Walt Disney by 1,080.7% during 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 acquiring an additional 2,578,004 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Citigroup boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Performance

NYSE DIS traded down $0.38 on Thursday, reaching $117.72. The stock had a trading volume of 1,625,261 shares, compared to its average volume of 9,580,855. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a fifty day moving average of $119.18 and a two-hundred day moving average of $108.39. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market cap of $211.64 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 1.70 and a beta of 1.56.

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