Sciencast Management LP Has $3.61 Million Stock Holdings in The Walt Disney Company $DIS

Key Points

• Sciencast Management LP increased its stake in The Walt Disney Company by 34.1% in Q1, now holding 36,572 shares valued at approximately $3.61 million.
• Analysts have varied ratings on Disney's stock, with a consensus rating of "Moderate Buy" and an average target price of $131.18, while one analyst labeled it as a strong buy.
• Walt Disney reported earnings of $1.61 per share for its last quarter, surpassing the consensus estimate by $0.16, with a year-over-year revenue increase of 2.1% to $23.65 billion.

Sciencast Management LP raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 34.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,572 shares of the entertainment giant's stock after buying an additional 9,296 shares during the quarter. Walt Disney accounts for about 0.8% of Sciencast Management LP's portfolio, making the stock its 14th largest position. Sciencast Management LP's holdings in Walt Disney were worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of DIS. Nuveen LLC acquired a new stake in shares of Walt Disney during the first quarter worth about $1,353,607,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Walt Disney by 21.8% in 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 valued at $1,878,142,000 after acquiring an additional 3,016,339 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after acquiring an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. lifted its stake in Walt Disney by 1.6% in 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 acquiring an additional 2,446,087 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Walt Disney by 10,567.3% during the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock worth $241,884,000 after buying an additional 2,427,728 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock traded down $1.46 on Wednesday, hitting $115.91. The company's stock had a trading volume of 7,481,994 shares, compared to its average volume of 9,453,419. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a market capitalization of $208.40 billion, a PE ratio of 18.17, a PEG ratio of 1.72 and a beta of 1.55. The stock's 50 day moving average is $118.78 and its 200-day moving average is $108.90. 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, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the company earned $1.39 EPS. The company's revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of several analyst reports. Guggenheim boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Rosenblatt Securities raised their price target on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Citigroup raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Morgan Stanley raised their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. raised their price target on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. One 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 stock. Based on data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average price target 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.