Banque Transatlantique SA Purchases 17,771 Shares of The Walt Disney Company $DIS

Key Points

• Banque Transatlantique SA significantly increased its holdings in The Walt Disney Company by 2,221.4%, acquiring 17,771 additional shares during the first quarter, bringing its total ownership to 18,571 shares valued at approximately $1.7 million.
• Multiple institutional investors, including Nuveen LLC and DZ BANK AG, have also modified their stakes in Disney, with hedge funds and institutional investors now owning 65.71% of the company's stock.
• Disney recently reported earnings of $1.61 per share, surpassing analysts' expectations, and set a consensus target price of $131.18 with a majority of analysts recommending a "buy" rating.

Banque Transatlantique SA lifted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2,221.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,571 shares of the entertainment giant's stock after purchasing an additional 17,771 shares during the period. Banque Transatlantique SA's holdings in Walt Disney were worth $1,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Clearstead Trust LLC increased its stake in shares of Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after purchasing an additional 99 shares during the period. Hemington Wealth Management increased its stake in shares of Walt Disney by 1.9% during the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after purchasing an additional 105 shares during the period. Leigh Baldwin & CO. LLC increased its stake in Walt Disney by 2.2% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after acquiring an additional 108 shares during the period. Resonant Capital Advisors LLC increased its stake in Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after acquiring an additional 113 shares during the period. Finally, RD Lewis Holdings Inc. increased its stake in Walt Disney by 0.7% during the 1st quarter. RD Lewis Holdings Inc. now owns 15,899 shares of the entertainment giant's stock worth $1,470,000 after acquiring an additional 113 shares during the period. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 0.7%

Shares of DIS stock traded down $0.88 during mid-day trading on Friday, hitting $117.93. The company's stock had a trading volume of 6,668,217 shares, compared to its average volume of 6,294,819. The company's fifty day simple moving average is $119.01 and its 200-day simple moving average is $108.80. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $212.03 billion, a PE ratio of 18.48, a P/E/G ratio of 1.72 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping 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 firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the company posted $1.39 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DIS. UBS Group raised their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley raised their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus 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.