The Walt Disney Company (NYSE:DIS) Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in The Walt Disney Company by 21.3% during the 1st quarter, now owning 65,150 shares worth approximately $6.43 million.
• JPMorgan Chase & Co. raised their price objective on Disney shares from $130 to $138, marking a positive outlook for the stock with an "overweight" rating.
• Walt Disney reported quarterly earnings of $1.45 EPS, surpassing analysts' expectations of $1.21 EPS, contributing to a revenue of $23.62 billion for the period.

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,150 shares of the entertainment giant's stock after acquiring an additional 11,460 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Walt Disney were worth $6,430,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Waterloo Capital L.P. grew its holdings in Walt Disney by 3.2% during the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after acquiring an additional 97 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Walt Disney by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock worth $2,523,000 after acquiring an additional 98 shares in the last quarter. Acorns Advisers LLC grew its holdings in Walt Disney by 2.6% during the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock worth $426,000 after acquiring an additional 98 shares in the last quarter. Clearstead Trust LLC grew its holdings in Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after acquiring an additional 99 shares in the last quarter. Finally, Allegheny Financial Group grew its holdings in Walt Disney by 2.3% during the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after acquiring an additional 106 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DIS. JPMorgan Chase & Co. raised their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. UBS Group lifted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and lifted their price target for the company from $100.00 to $144.00 in a report on Monday, June 30th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Five equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $128.70.

Walt Disney Trading Down 2.1%

Shares of NYSE:DIS opened at $116.57 on Monday. The company has a 50 day moving average of $118.76 and a 200-day moving average of $107.73. The firm has a market cap of $209.56 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.71 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. As a group, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.

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