The Walt Disney Company $DIS Shares Bought by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP increased its stake in The Walt Disney Company by an astonishing 2,274.3% in the first quarter, owning 59,406 shares worth approximately $5.86 million.
• Walt Disney reported $1.61 EPS for the latest quarter, beating analysts' expectations and showing a 2.1% increase in revenue year-over-year.
• Institutional investors control 65.71% of Disney's stock, with several hedge funds, including Vanguard and UBS, significantly increasing their holdings recently.

Dark Forest Capital Management LP increased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2,274.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,406 shares of the entertainment giant's stock after acquiring an additional 56,904 shares during the period. Dark Forest Capital Management LP's holdings in Walt Disney were worth $5,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares during the period. Bank of New York Mellon Corp grew its holdings in Walt Disney by 4.2% during the first 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Walt Disney by 21.8% during the fourth 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 acquiring an additional 3,016,339 shares during the period. Ameriprise Financial Inc. grew its holdings in Walt Disney by 4.5% during the first quarter. Ameriprise Financial Inc. now owns 14,178,295 shares of the entertainment giant's stock worth $1,399,399,000 after acquiring an additional 613,414 shares during the period. Finally, Nuveen LLC acquired a new stake in Walt Disney during the first quarter worth about $1,353,607,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $1.80 during midday trading on Thursday, hitting $119.18. The company had a trading volume of 4,186,709 shares, compared to its average volume of 9,506,669. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $214.27 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. The business's 50-day simple moving average is $119.15 and its 200-day simple moving average is $108.68.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating 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 analysts' expectations of $23.69 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on DIS shares. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group increased their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Citigroup increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One 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's stock. Based on data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus 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.