Invesco Ltd. Sells 1,130,812 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Invesco Ltd. reduced its stake in The Walt Disney Company by 9.1%, selling over 1.1 million shares and now owning approximately 11.2 million shares valued at over $1.1 billion.
• Analysts have recently increased Walt Disney's price targets, with firms like Jefferies and Guggenheim setting targets as high as $144 and issuing buy ratings, indicating strong investor confidence.
• Walt Disney's stock recently opened at $112.40 and reported earnings per share of $1.61, surpassing analysts' expectations, showcasing a 2.1% revenue increase year-over-year.

Invesco Ltd. lowered its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,235,328 shares of the entertainment giant's stock after selling 1,130,812 shares during the period. Invesco Ltd. owned approximately 0.62% of Walt Disney worth $1,108,927,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DIS. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after acquiring an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. increased its stake in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Walt Disney by 10,567.3% in the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock valued at $241,884,000 after acquiring an additional 2,427,728 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DIS shares. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note 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. Finally, Rosenblatt Securities increased their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. 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. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $131.14.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 0.4%

Shares of DIS traded down $0.48 during trading hours on Friday, hitting $112.40. 9,487,697 shares of the stock were exchanged, compared to its average volume of 8,751,555. The firm has a market capitalization of $202.07 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The business has a 50-day moving average of $119.16 and a 200-day moving average of $108.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current 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.