The Walt Disney Company $DIS Stock Holdings Increased by Coronation Fund Managers Ltd.

Key Points

• The Walt Disney Company's stock holdings were increased by Coronation Fund Managers Ltd. by 18.5% in Q2, now owning 224,835 shares valued at approximately $27.88 million.
• Disney's stock opened at $112.01, with a market capitalization of $201.39 billion, and a price-to-earnings ratio of 17.56.
• Wall Street analysts show a positive outlook with a consensus rating of "Moderate Buy" and an average target price of $132.90 for Disney shares.

Coronation Fund Managers Ltd. increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 18.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,835 shares of the entertainment giant's stock after purchasing an additional 35,073 shares during the quarter. Walt Disney accounts for 1.5% of Coronation Fund Managers Ltd.'s holdings, making the stock its 21st biggest position. Coronation Fund Managers Ltd.'s holdings in Walt Disney were worth $27,882,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DIS. Brighton Jones LLC increased its position in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Walt Disney by 8.1% in the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant's stock worth $2,451,000 after acquiring an additional 1,856 shares in the last quarter. Advisor Resource Council purchased a new position in shares of Walt Disney in the first quarter worth approximately $434,000. Childress Capital Advisors LLC grew its position in Walt Disney by 24.8% during the first quarter. Childress Capital Advisors LLC now owns 2,662 shares of the entertainment giant's stock valued at $263,000 after purchasing an additional 529 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC grew its position in Walt Disney by 4.2% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,938 shares of the entertainment giant's stock valued at $784,000 after purchasing an additional 319 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS stock opened at $112.01 on Tuesday. 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 company has a market capitalization of $201.39 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.45 and a beta of 1.54. 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 of $114.85 and a two-hundred day moving average of $111.19.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 business 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 earnings per share. Walt Disney's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DIS shares. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI boosted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $132.90.

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.

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