The Walt Disney Company $DIS Shares Bought by Bragg Financial Advisors Inc

Key Points

• Bragg Financial Advisors Inc increased its holdings in The Walt Disney Company by 3.1%, owning a total of 136,474 shares valued at approximately $13.47 million as of their latest SEC filing.
• Walt Disney reported earnings per share of $1.61 for the last quarter, surpassing analysts' expectations of $1.45, with revenue slightly below estimates at $23.65 billion.
• A range of analysts have rated Disney stock with a consensus of "Moderate Buy" and an average price target of $131.18, indicating optimism about its market performance.

Bragg Financial Advisors Inc lifted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,474 shares of the entertainment giant's stock after buying an additional 4,059 shares during the quarter. Bragg Financial Advisors Inc's holdings in Walt Disney were worth $13,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings 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 valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Northern Trust Corp grew its stake in shares of Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares during the period. Bank of New York Mellon Corp grew its stake in shares of 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 buying an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Walt Disney in the 1st quarter worth $1,353,607,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DIS. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, August 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. JPMorgan Chase & Co. increased their target price on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Guggenheim raised their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. One equities 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. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Trading Up 0.6%

Shares of NYSE DIS opened at $116.9360 on Thursday. 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 price is $119.25 and its two-hundred day moving average price is $108.20. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market capitalization of $210.24 billion, a P/E ratio of 18.33, a PEG ratio of 1.68 and a beta of 1.56.

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