Causeway Capital Management LLC Purchases 111,910 Shares of The Walt Disney Company $DIS

Key Points

• Causeway Capital Management LLC increased its stake in The Walt Disney Company by 13.3%, owning 953,852 shares, making it the 8th largest position in its portfolio.
• Walt Disney's latest quarterly earnings exceeded analysts' expectations with an EPS of $1.61 and revenue of $23.65 billion, although slightly below expectations.
• According to recent analyst ratings, the average target price for Walt Disney shares has risen to $131.18, reflecting a positive outlook with multiple "buy" ratings from firms like Morgan Stanley and Citigroup.

Causeway Capital Management LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 13.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 953,852 shares of the entertainment giant's stock after buying an additional 111,910 shares during the period. Walt Disney comprises about 2.0% of Causeway Capital Management LLC's portfolio, making the stock its 8th largest holding. Causeway Capital Management LLC owned 0.05% of Walt Disney worth $94,145,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Clearstead Trust LLC grew its stake in Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after acquiring an additional 99 shares in the last quarter. Hemington Wealth Management grew its position in shares of Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after purchasing an additional 105 shares in the last quarter. Allegheny Financial Group increased its holdings in shares of Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after purchasing an additional 106 shares during the last quarter. Leigh Baldwin & CO. LLC lifted its position in Walt Disney by 2.2% during the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after buying an additional 108 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in Walt Disney by 0.4% during the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Down 0.3%

NYSE:DIS traded down $0.41 on Thursday, reaching $117.68. 5,684,605 shares of the company's stock were exchanged, compared to its average volume of 8,673,198. The firm has a market capitalization of $211.58 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $119.18 and a 200-day moving average of $108.39.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIS. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI increased 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, Citigroup lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and an average 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.