The Walt Disney Company $DIS Holdings Raised by Taikang Asset Management Hong Kong Co Ltd

Key Points

• Taikang Asset Management Hong Kong Co Ltd increased its stake in The Walt Disney Company by 18.9%, owning a total of 38,041 shares valued at approximately $3.75 million.
• Multiple institutional investors have also raised their holdings in Disney, with Vanguard Group owning over 155 million shares worth around $15.38 billion after a recent purchase of 2.4 million shares.
• Walt Disney reported a quarterly earnings per share of $1.61, surpassing analysts' expectations, with revenue reaching $23.65 billion, despite a slight miss on estimates.

Taikang Asset Management Hong Kong Co Ltd increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 18.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,041 shares of the entertainment giant's stock after purchasing an additional 6,041 shares during the period. Taikang Asset Management Hong Kong Co Ltd's holdings in Walt Disney were worth $3,755,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Apexium Financial LP lifted its position in Walt Disney by 2.6% in the first quarter. Apexium Financial LP now owns 127,140 shares of the entertainment giant's stock valued at $12,549,000 after purchasing an additional 3,232 shares during the period. Oak Harvest Investment Services lifted its position in shares of Walt Disney by 5.2% during the 1st quarter. Oak Harvest Investment Services now owns 64,895 shares of the entertainment giant's stock valued at $6,405,000 after acquiring an additional 3,235 shares during the period. ICONIQ Capital LLC increased its stake in shares of Walt Disney by 14.7% during the 1st quarter. ICONIQ Capital LLC now owns 9,293 shares of the entertainment giant's stock worth $917,000 after purchasing an additional 1,188 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in shares of Walt Disney by 64.4% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 43,568 shares of the entertainment giant's stock worth $4,300,000 after purchasing an additional 17,062 shares in the last quarter. Finally, Southeast Asset Advisors LLC increased its stake in shares of Walt Disney by 22.6% during the 1st quarter. Southeast Asset Advisors LLC now owns 9,890 shares of the entertainment giant's stock worth $976,000 after purchasing an additional 1,824 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

DIS stock traded down $0.41 on Thursday, hitting $117.68. 5,684,000 shares of the company's stock traded hands, compared to its average volume of 9,606,886. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The stock has a market cap of $211.58 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.70 and a beta of 1.56. The stock has a fifty day moving average of $119.18 and a 200-day moving average of $108.39. 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 issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate 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%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. On average, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of several research reports. Citigroup boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Stephens reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Evercore ISI upped their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently 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.