The Walt Disney Company $DIS Shares Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in The Walt Disney Company by 106.3% during the first quarter, now holding 19,111 shares valued at approximately $1.89 million.
• Walt Disney reported $1.61 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $1.45 EPS and showcasing a 2.1% year-over-year revenue growth.
• Several analysts have raised their price targets for Disney stock, with estimates now ranging from $130.00 to $141.00, reflecting a consensus rating of "Moderate Buy."

Vident Advisory LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 106.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,111 shares of the entertainment giant's stock after purchasing an additional 9,848 shares during the quarter. Vident Advisory LLC's holdings in Walt Disney were worth $1,886,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DIS. Brighton Jones LLC lifted its stake in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in Walt Disney by 137.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 48,385 shares of the entertainment giant's stock valued at $5,405,000 after acquiring an additional 28,001 shares in the last quarter. BIP Wealth LLC raised its holdings in Walt Disney by 4.1% in the fourth quarter. BIP Wealth LLC now owns 3,408 shares of the entertainment giant's stock valued at $379,000 after acquiring an additional 133 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Walt Disney by 2.5% in the fourth quarter. Benjamin Edwards Inc. now owns 29,958 shares of the entertainment giant's stock valued at $3,336,000 after acquiring an additional 736 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new stake in Walt Disney in the fourth quarter valued at $89,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS stock traded up $2.11 during trading hours on Thursday, reaching $119.49. The stock had a trading volume of 3,513,446 shares, compared to its average volume of 9,501,496. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a 50-day simple moving average of $119.15 and a 200-day simple moving average of $108.68. The firm has a market capitalization of $214.84 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period last year, the firm earned $1.39 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Rosenblatt Securities increased their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Company 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.