The Walt Disney Company (NYSE:DIS) Shares Bought by Oldfield Partners LLP

Key Points

• Oldfield Partners LLP has increased its holdings in The Walt Disney Company by 1.6%, now owning 543,100 shares, which represent 15.7% of their portfolio.
• Disney reported a quarterly earnings per share (EPS) of $1.45, exceeding expectations and showing a 7.0% year-over-year revenue growth, totaling $23.62 billion.
• As of now, Disney has a consensus rating of "Moderate Buy" from analysts, with a target price range largely lifting to around $128.13 per share.

Oldfield Partners LLP raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,100 shares of the entertainment giant's stock after purchasing an additional 8,400 shares during the quarter. Walt Disney accounts for approximately 15.7% of Oldfield Partners LLP's portfolio, making the stock its 3rd largest holding. Oldfield Partners LLP's holdings in Walt Disney were worth $53,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. Planning Directions Inc. purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $326,000. Trek Financial LLC raised its holdings in Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after acquiring an additional 30,057 shares in the last quarter. WoodTrust Financial Corp boosted its stake in Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring 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 worth $897,000 after acquiring an additional 383 shares in the last quarter. Finally, Rheos Capital Works Inc. grew its holdings in Walt Disney by 164.7% during 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 in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.16% of the company's stock.

Walt Disney Trading Down 0.4%

NYSE:DIS opened at $121.44 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market cap of $218.32 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. The business has a 50 day moving average price of $117.97 and a two-hundred day moving average price of $107.37.

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

Wall Street Analyst Weigh In

DIS has been the subject of several research analyst reports. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $144.00 in a report on Monday, June 30th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.13.

Walt Disney 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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