TIAA Trust National Association Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Key Points

• TIAA Trust National Association increased its holdings in The Walt Disney Company by 3.4%, now owning 84,659 shares valued at approximately $8.36 million.
• Several institutional investors have recently modified their stakes in Disney, with institutional investors and hedge funds owning 65.71% of the company’s stock.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Disney, with an average price target of $128.70.

TIAA Trust National Association boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,659 shares of the entertainment giant's stock after buying an additional 2,776 shares during the period. TIAA Trust National Association's holdings in Walt Disney were worth $8,356,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Headlands Technologies LLC acquired a new position in Walt Disney during the fourth quarter worth $124,000. Resona Asset Management Co. Ltd. acquired a new position in Walt Disney during the fourth quarter worth $105,957,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the fourth quarter worth $32,000. Finally, Cullen Capital Management LLC raised its holdings in shares of Walt Disney by 0.6% in the fourth quarter. Cullen Capital Management LLC now owns 32,177 shares of the entertainment giant's stock worth $3,583,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of analyst reports. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and raised their price objective for the company from $100.00 to $144.00 in a research note on Monday, June 30th. Finally, Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $128.70.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred 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 completion of 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 at the SEC website. 0.16% of the stock is owned by corporate insiders.

Walt Disney Price Performance

Shares of NYSE DIS opened at $116.57 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization 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 firm's 50-day moving average price is $118.76 and its 200-day moving average price is $107.72.

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 the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the business posted $1.21 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.