Bahl & Gaynor Inc. Lowers Stock Position in The Walt Disney Company $DIS

Key Points

• Bahl & Gaynor Inc. decreased its stake in The Walt Disney Company by 5.2%, now owning 71,042 shares valued at approximately $7 million.
• Numerous institutional investors have recently altered their positions in Disney, with T. Rowe Price increasing their holdings by 49.4%, signaling a positive trend among major stakeholders.
• Analysts have raised their target prices for Walt Disney shares, with UBS Group and Citigroup setting new targets of $138.00 and $140.00 respectively, reflecting overall confidence in the stock.

Bahl & Gaynor Inc. decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,042 shares of the entertainment giant's stock after selling 3,882 shares during the quarter. Bahl & Gaynor Inc.'s holdings in Walt Disney were worth $7,012,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Walt Disney by 2.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 269,019 shares of the entertainment giant's stock valued at $26,552,000 after buying an additional 6,376 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Walt Disney by 0.8% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 543,180 shares of the entertainment giant's stock valued at $53,612,000 after buying an additional 4,262 shares during the period. Haverford Trust Co grew its position in Walt Disney by 2.8% during the first quarter. Haverford Trust Co now owns 68,044 shares of the entertainment giant's stock valued at $6,716,000 after buying an additional 1,831 shares during the period. Groupe la Francaise grew its position in Walt Disney by 4.8% during the first quarter. Groupe la Francaise now owns 42,415 shares of the entertainment giant's stock valued at $4,237,000 after buying an additional 1,933 shares during the period. Finally, Sax Wealth Advisors LLC grew its position in Walt Disney by 12.2% during the first quarter. Sax Wealth Advisors LLC now owns 8,745 shares of the entertainment giant's stock valued at $863,000 after buying an additional 954 shares during the period. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DIS shares. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Rosenblatt Securities increased their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. One equities research 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 stock. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.50 on Wednesday, reaching $118.15. The stock had a trading volume of 4,062,972 shares, compared to its average volume of 9,621,281. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a market cap of $212.42 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 1.70 and a beta of 1.56. 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 business's 50 day moving average is $119.17 and its two-hundred day moving average is $108.32.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The company's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.