The Walt Disney Company $DIS Shares Acquired by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd raised its stake in The Walt Disney Company by 4.8%, acquiring a total of 348,978 shares valued at approximately $43 million as of the end of the most recent quarter.
• Multiple institutional investors have increased their holdings in Disney, with 65.71% of the company's stock now owned by institutional investors and hedge funds.
• Walt Disney reported earnings of $1.61 EPS for the latest quarter, surpassing analysts' estimates of $1.45, despite revenue slightly missing expectations at $23.65 billion.

IFM Investors Pty Ltd raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 348,978 shares of the entertainment giant's stock after purchasing an additional 16,011 shares during the period. IFM Investors Pty Ltd's holdings in Walt Disney were worth $43,277,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Walt Disney in the 2nd quarter valued at $119,000. Orgel Wealth Management LLC acquired a new stake in shares of Walt Disney in the 2nd quarter worth about $213,000. Trust Point Inc. boosted its position in shares of Walt Disney by 14.9% during the 2nd quarter. Trust Point Inc. now owns 7,032 shares of the entertainment giant's stock valued at $872,000 after purchasing an additional 911 shares in the last quarter. Hurlow Wealth Management Group Inc. acquired a new stake in shares of Walt Disney during the second quarter worth approximately $238,000. Finally, Mogy Joel R Investment Counsel Inc. increased its position in Walt Disney by 0.7% during the second quarter. Mogy Joel R Investment Counsel Inc. now owns 24,916 shares of the entertainment giant's stock worth $3,090,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of DIS stock traded down $1.15 during trading on Friday, hitting $113.71. The company had a trading volume of 23,387,671 shares, compared to its average volume of 6,289,260. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average is $117.71 and its two-hundred day moving average is $109.15. The stock has a market capitalization of $204.44 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The company's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, September 4th. Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Stephens reissued a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average target price 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.