The Walt Disney Company $DIS Stock Holdings Increased by Ethic Inc.

Key Points

• Ethic Inc. has raised its stake in The Walt Disney Company by 3.0%, now owning 199,309 shares valued at approximately $24.4 million, making Disney its 29th largest investment.
• The stock has received mixed analyst ratings, with 19 firms giving a Buy rating, while others have rated it a Hold, reflecting varied confidence in Disney's performance.
• The latest earnings report showed that Walt Disney surpassed analysts' expectations with $1.61 earnings per share, though revenues slightly missed forecasts at $23.65 billion.

Ethic Inc. raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,309 shares of the entertainment giant's stock after buying an additional 5,860 shares during the quarter. Walt Disney accounts for about 0.4% of Ethic Inc.'s holdings, making the stock its 29th biggest position. Ethic Inc.'s holdings in Walt Disney were worth $24,383,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Vanguard Group Inc. raised its stake in shares of Walt Disney by 1.6% during 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 in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney in the second quarter worth approximately $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Walt Disney by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock valued at $1,826,930,000 after acquiring an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after acquiring an additional 717,066 shares during the last quarter. Finally, Amundi increased its stake in shares of Walt Disney by 11.4% during the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the subject of several analyst reports. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Wall Street Zen downgraded Walt Disney from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Walt Disney in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Citigroup raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.90.

Walt Disney Stock Performance

NYSE:DIS opened at $113.89 on Wednesday. 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 firm has a 50-day moving average price of $114.86 and a 200 day moving average price of $111.21. The firm has a market capitalization of $204.76 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.47 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.

Walt Disney (NYSE:DIS - Get Free Report) last issued its 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 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 analysts' expectations of $23.69 billion. During the same period in the prior year, the firm posted $1.39 EPS. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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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