University of Texas Texas AM Investment Management Co. Buys New Holdings in The Walt Disney Company (NYSE:DIS)

Key Points

• The University of Texas Texas AM Investment Management Co. acquired 9,104 shares of The Walt Disney Company, valuing this investment at approximately $899,000.
• Major institutional investors are increasing their stakes in Walt Disney, with notable purchases including Geode Capital Management, which raised its position by 2.2%, now owning shares worth nearly $4.27 billion.
• Analysts are optimistic about Walt Disney's stock, with multiple firms raising their price targets, now averaging $128.13 and reflecting a consensus of 19 buy ratings.

University of Texas Texas AM Investment Management Co. acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,104 shares of the entertainment giant's stock, valued at approximately $899,000.

Other large investors also recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position 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 worth $638,699,000 after purchasing an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Walt Disney by 21.8% during 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 worth $1,878,142,000 after buying an additional 3,016,339 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings 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 buying an additional 2,578,004 shares during the period. Finally, GAMMA Investing LLC lifted its holdings 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 buying an additional 2,427,728 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 0.9%

DIS stock traded down $1.11 during midday trading on Monday, hitting $120.36. The company's stock had a trading volume of 6,037,764 shares, compared to its average volume of 7,090,401. The company's fifty day moving average price is $118.13 and its 200 day moving average price is $107.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market capitalization of $216.38 billion, a P/E ratio of 24.61, a PEG ratio of 1.78 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the business earned $1.21 earnings per share. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DIS. Guggenheim lifted their target price 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. Jefferies Financial Group raised 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 research note on Monday, June 30th. Rosenblatt Securities increased their target price on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Loop Capital raised 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. Finally, Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.