The Walt Disney Company $DIS Position Boosted by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC increased its holdings in The Walt Disney Company by 190% in Q2, owning 269,948 shares valued at $33.3 million.
• Walt Disney reported an EPS of $1.61 for the last quarter, exceeding estimates, with a revenue of $23.65 billion, slightly below expectations of $23.69 billion.
• Analysts have mixed opinions on Walt Disney, with 19 analysts giving a "Buy" rating and a consensus price target of $132.90, while Jefferies downgraded it to "hold."

Allspring Global Investments Holdings LLC increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 190.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,948 shares of the entertainment giant's stock after buying an additional 176,855 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Walt Disney were worth $33,336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney during the 2nd quarter valued at $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after purchasing an additional 717,066 shares in the last quarter. Finally, Amundi boosted its stake in Walt Disney by 11.4% during the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock valued at $1,468,873,000 after purchasing an additional 1,520,513 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.5%

Shares of NYSE DIS opened at $111.74 on Thursday. The firm has a market capitalization of $200.90 billion, a PE ratio of 17.51, a PEG ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. 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 business has a 50-day moving average price of $114.96 and a two-hundred day moving average price of $110.58.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. As a group, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIS. Jefferies Financial Group lowered Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a research report on Wednesday, October 8th. Finally, Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.90.

Walt Disney Company 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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