The Walt Disney Company $DIS Shares Bought by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC significantly increased its holdings in The Walt Disney Company by 291.4% in the first quarter, now owning 343,585 shares valued at approximately $33.9 million.
• Several major institutional investors, including Nuveen LLC and DZ BANK AG, have also made substantial investments in Disney, leading to institutional ownership of 65.71% of the company's stock.
• Walt Disney reported earnings of $1.61 EPS for the last quarter, exceeding analysts' expectations, with quarterly revenue reaching $23.65 billion, up 2.1% year-over-year.

Kovitz Investment Group Partners LLC grew its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 291.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,585 shares of the entertainment giant's stock after purchasing an additional 255,810 shares during the period. Kovitz Investment Group Partners LLC's holdings in Walt Disney were worth $33,912,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the 1st quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in Walt Disney during the 4th quarter valued at approximately $27,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Copia Wealth Management bought a new position in Walt Disney during the 4th quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney during the 4th quarter valued at approximately $39,000. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

DIS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Stephens reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. boosted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Barclays boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Trading Up 1.2%

NYSE DIS traded up $1.39 on Monday, reaching $116.78. The stock had a trading volume of 3,133,534 shares, compared to its average volume of 9,774,443. The firm has a market capitalization of $209.96 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.67 and a beta of 1.56. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a fifty day moving average price of $119.33 and a two-hundred day moving average price of $108.06.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the company earned $1.39 earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS 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.