Ontario Teachers Pension Plan Board Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Key Points

• The Ontario Teachers Pension Plan Board increased its stake in The Walt Disney Company by 3.3%, owning over 2.4 million shares valued at approximately $240.45 million.
• Walt Disney reported $1.61 earnings per share for the last quarter, surpassing estimates, along with a revenue of $23.65 billion, which was slightly below analyst expectations.
• Several analysts raised their price targets for Disney stock, with UBS Group increasing its target to $138, while maintaining an overall consensus rating of "Moderate Buy".

Ontario Teachers Pension Plan Board raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,436,181 shares of the entertainment giant's stock after purchasing an additional 78,394 shares during the quarter. Walt Disney accounts for about 3.5% of Ontario Teachers Pension Plan Board's investment portfolio, making the stock its 11th largest position. Ontario Teachers Pension Plan Board owned approximately 0.13% of Walt Disney worth $240,451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J. Safra Sarasin Holding AG grew its position in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares in the last quarter. Planning Directions Inc. bought a new position in Walt Disney during the first quarter valued at approximately $326,000. WoodTrust Financial Corp boosted its stake in Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after buying an additional 6,047 shares during the last quarter. Bank of Stockton grew its holdings in Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after buying an additional 383 shares in the last quarter. Finally, Rheos Capital Works Inc. increased its stake in Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after acquiring an additional 246,000 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DIS shares. Guggenheim increased their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. lifted 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. Evercore ISI upped their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Barclays increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $129.83.

Walt Disney Trading Down 0.4%

Shares of NYSE DIS traded down $0.48 during mid-day trading on Friday, reaching $112.40. The company had a trading volume of 9,487,697 shares, compared to its average volume of 8,751,555. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business's 50-day moving average is $119.18 and its 200-day moving average is $107.98. The stock has a market cap of $202.07 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32.

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, topping analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. Equities analysts expect that The Walt Disney Company will post 5.47 earnings per share 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.