Bank of New York Mellon Corp Has $1.76 Billion Stock Holdings in The Walt Disney Company (NYSE:DIS)

Bank of New York Mellon Corp grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,821,361 shares of the entertainment giant's stock after acquiring an additional 717,066 shares during the period. Bank of New York Mellon Corp owned about 0.99% of Walt Disney worth $1,758,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DIS. Waterloo Capital L.P. grew its stake in shares of Walt Disney by 3.2% in the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after acquiring an additional 97 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of 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 purchasing an additional 98 shares in the last quarter. Acorns Advisers LLC increased its holdings in shares of Walt Disney by 2.6% during the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock worth $426,000 after purchasing an additional 98 shares during the period. Allegheny Financial Group raised its position in shares of Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after buying an additional 106 shares in the last quarter. Finally, 1620 Investment Advisors Inc. boosted its stake in shares of Walt Disney by 1.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 6,236 shares of the entertainment giant's stock valued at $694,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and raised their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Rosenblatt Securities upped their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. UBS Group increased their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Guggenheim upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.83.

Walt Disney Trading Up 0.8%

NYSE:DIS traded up $1.00 during trading hours on Friday, hitting $123.98. 4,252,305 shares of the company were exchanged, compared to its average volume of 10,043,772. The stock has a market capitalization of $222.88 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a fifty day simple moving average of $111.87 and a 200 day simple moving average of $106.37. 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 posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for 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 company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated 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 directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.16% of the company's stock.

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.