RBO & Co. LLC Has $14.29 Million Stock Position in The Walt Disney Company $DIS

Key Points

• RBO & Co. LLC has reduced its stake in The Walt Disney Company by 3.1%, now holding 144,734 shares worth approximately $14.29 million.
• Walt Disney reported $1.61 EPS for the last quarter, exceeding analysts' estimates and showing a year-over-year revenue increase of 2.1% to $23.65 billion.
• The stock has seen a recent price target increase from several brokerages, with an average consensus price target of $131.18 and primarily receiving "buy" ratings.

RBO & Co. LLC lessened its position in The Walt Disney Company (NYSE:DIS - Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,734 shares of the entertainment giant's stock after selling 4,700 shares during the quarter. Walt Disney comprises about 2.3% of RBO & Co. LLC's investment portfolio, making the stock its 21st biggest position. RBO & Co. LLC's holdings in Walt Disney were worth $14,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Nuveen LLC bought a new position in Walt Disney in the first quarter worth $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after acquiring an additional 5,449,158 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Walt Disney by 21.8% in 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 purchasing an additional 3,016,339 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Finally, Vanguard Group Inc. raised its position 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 worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Walt Disney stock traded up $2.4540 during mid-day trading on Friday, reaching $118.6640. 7,157,159 shares of the company were exchanged, compared to its average volume of 8,774,050. The firm has a market cap of $213.35 billion, a PE ratio of 18.60, a PEG ratio of 1.72 and a beta of 1.56. 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 Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a fifty day simple moving average of $119.22 and a 200-day simple moving average of $108.21.

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 the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the company earned $1.39 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, 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

Several brokerages have weighed in on DIS. Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Susquehanna restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.