The Walt Disney Company $DIS Shares Acquired by Nelson Capital Management LLC

Key Points

• Nelson Capital Management LLC increased its stake in The Walt Disney Company by 8.8%, owning 33,858 shares valued at approximately $4.2 million after buying an additional 2,749 shares in the second quarter.
• A variety of hedge funds, including Vanguard Group Inc. and UBS Asset Management, have also increased their positions in Walt Disney, highlighting strong institutional interest as over 65% of the stock is held by institutional investors.
• The company's most recent earnings report indicated an EPS of $1.61, beating estimates, and revenue of $23.65 billion, reflecting a year-over-year growth of 2.1%.

Nelson Capital Management LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,858 shares of the entertainment giant's stock after buying an additional 2,749 shares during the quarter. Nelson Capital Management LLC's holdings in Walt Disney were worth $4,199,000 as of its most recent filing with the Securities and Exchange Commission.

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

Walt Disney Trading Down 0.2%

Walt Disney stock opened at $112.54 on Wednesday. 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 firm has a 50-day moving average price of $115.82 and a two-hundred day moving average price of $110.21. The firm has a market capitalization of $202.33 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 1.48 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

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

Analysts Set New Price Targets

A number of research firms have commented on DIS. JPMorgan Chase & Co. lifted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Morgan Stanley lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Rosenblatt Securities lifted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned 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 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.

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