The Walt Disney Company $DIS Holdings Raised by Allstate Corp

Key Points

• Allstate Corp increased its stake in The Walt Disney Company by 19.1%, owning a total of 64,218 shares, valued at approximately $6.34 million as of the latest SEC filing.
• Walt Disney's stock is experiencing positive analyst sentiment, with one Strong Buy, nineteen Buy, and eight Hold ratings, along with a target price increase from various analysts, now averaging $131.18.
• The company's earnings report for the last quarter revealed an EPS of $1.61, exceeding expectations, while revenue was $23.65 billion, marking a 2.1% increase year over year.

Allstate Corp increased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 19.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,218 shares of the entertainment giant's stock after purchasing an additional 10,307 shares during the quarter. Allstate Corp's holdings in Walt Disney were worth $6,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. RPG Investment Advisory LLC lifted its holdings in shares of Walt Disney by 96.0% in the first quarter. RPG Investment Advisory LLC now owns 221,210 shares of the entertainment giant's stock valued at $21,833,000 after purchasing an additional 108,368 shares in the last quarter. Monetary Management Group Inc. grew its holdings in shares of Walt Disney by 3.4% during the first quarter. Monetary Management Group Inc. now owns 4,575 shares of the entertainment giant's stock valued at $452,000 after buying an additional 150 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Walt Disney by 4.5% in the 1st quarter. Ameriprise Financial Inc. now owns 14,178,295 shares of the entertainment giant's stock valued at $1,399,399,000 after buying an additional 613,414 shares during the period. Bragg Financial Advisors Inc increased its position in Walt Disney by 3.1% in the 1st quarter. Bragg Financial Advisors Inc now owns 136,474 shares of the entertainment giant's stock worth $13,470,000 after purchasing an additional 4,059 shares during the last quarter. Finally, Norinchukin Bank The lifted its stake in Walt Disney by 13.7% in the first quarter. Norinchukin Bank The now owns 103,620 shares of the entertainment giant's stock valued at $10,227,000 after acquiring an additional 12,512 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $116.2350 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a 50 day moving average of $119.20 and a 200-day moving average of $108.21. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $208.98 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.69 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping 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 firm had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict 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.

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