Ieq Capital LLC Purchases 9,286 Shares of The Walt Disney Company $DIS

Key Points

• Ieq Capital LLC increased its stake in The Walt Disney Company by 9.8%, acquiring an additional 9,286 shares during the first quarter, bringing its holdings to valued at $10.31 million.
• Walt Disney reported earnings of $1.61 per share for the last quarter, surpassing analysts' expectations of $1.45, with total revenue of $23.65 billion.
• The stock has received a consensus rating of "Moderate Buy" from analysts, with a price target of $131.18, while Morgan Stanley recently increased its price objective from $120 to $140.

Ieq Capital LLC boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,455 shares of the entertainment giant's stock after purchasing an additional 9,286 shares during the period. Ieq Capital LLC's holdings in Walt Disney were worth $10,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. J. Safra Sarasin Holding AG increased its stake in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Planning Directions Inc. acquired a new position in shares of Walt Disney during the 1st quarter worth about $326,000. WoodTrust Financial Corp increased its stake in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after purchasing an additional 6,047 shares during the last quarter. Bank of Stockton increased its stake in shares of Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after purchasing an additional 383 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its stake in shares of Walt Disney by 164.7% during the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after purchasing an additional 246,000 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

NYSE DIS traded up $0.75 during trading on Friday, reaching $118.39. The company's stock had a trading volume of 5,210,979 shares, compared to its average volume of 8,595,832. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $212.86 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a 50 day moving average price of $119.20 and a 200 day moving average price of $108.51.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data 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 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 business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 EPS. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, August 7th. Evercore ISI upped their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus 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.