The Walt Disney Company $DIS Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its holdings in The Walt Disney Company by 9.7% during the first quarter, owning approximately 1.03% of the company, worth around $1.83 billion.
• The Walt Disney Company reported an earnings per share (EPS) of $1.61, beating analysts' estimates of $1.45, with a revenue of $23.65 billion for the quarter.
• Multiple research firms have raised their price targets for Disney shares, with average target estimates now around $131.18, reflecting a generally positive outlook from analysts.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,509,924 shares of the entertainment giant's stock after buying an additional 1,642,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.03% of Walt Disney worth $1,826,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the period. Graham Capital Management L.P. acquired a new position in Walt Disney in the fourth quarter worth $1,716,000. Investor s Fiduciary Advisor Network LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at $238,000. Laurion Capital Management LP acquired a new position in shares of Walt Disney during the fourth quarter valued at $225,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at $60,580,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $118.77 on Tuesday. The business has a fifty day simple moving average of $118.90 and a 200 day simple moving average of $108.84. 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 $213.54 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.71 and a beta of 1.55. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating 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 business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the company posted $1.39 earnings per share. Walt Disney's revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on DIS. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Evercore ISI boosted their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Guggenheim upped 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. Finally, Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.

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