The Walt Disney Company $DIS Shares Purchased by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its stake in The Walt Disney Company by 13.2%, acquiring an additional 74,296 shares, bringing its total holdings to 635,895 shares worth approximately $62.74 million.
• A range of institutional investors have also boosted their positions in Disney, with NorthRock Partners increasing its stake by 141.6% and Nissay Asset Management increasing by 80.7% in the last quarter.
• Analysts maintain a consensus rating of "Moderate Buy" for Disney shares, with price targets increasing from $125 to $140 by various firms, reflecting growing confidence in the company’s performance.

Focus Partners Wealth raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 13.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 635,895 shares of the entertainment giant's stock after acquiring an additional 74,296 shares during the quarter. Focus Partners Wealth's holdings in Walt Disney were worth $62,744,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DIS. Integrity Alliance LLC. raised its stake in shares of Walt Disney by 273.6% during the 1st quarter. Integrity Alliance LLC. now owns 24,873 shares of the entertainment giant's stock worth $2,455,000 after buying an additional 18,216 shares during the last quarter. Ransom Advisory Ltd acquired a new position in shares of Walt Disney during the 1st quarter worth $1,176,000. Aspen Investment Management Inc raised its stake in shares of Walt Disney by 3.5% during the 1st quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant's stock worth $290,000 after buying an additional 100 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co raised its stake in shares of Walt Disney by 4.6% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 285,000 shares of the entertainment giant's stock worth $28,130,000 after buying an additional 12,604 shares during the last quarter. Finally, Advisory Alpha LLC raised its stake in shares of Walt Disney by 10.1% during the 1st quarter. Advisory Alpha LLC now owns 7,390 shares of the entertainment giant's stock worth $729,000 after buying an additional 680 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

DIS stock traded down $1.06 during trading on Friday, hitting $116.02. The stock had a trading volume of 7,638,964 shares, compared to its average volume of 5,960,941. The company's 50 day moving average price is $118.34 and its two-hundred day moving average price is $109.03. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The stock has a market cap of $208.60 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion during 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on DIS. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Barclays lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, UBS Group lifted their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average price target of $131.18.

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.