Voleon Capital Management LP Takes $2.86 Million Position in The Walt Disney Company $DIS

Key Points

• Voleon Capital Management LP has acquired a new stake in The Walt Disney Company, purchasing 28,950 shares valued at approximately $2,857,000 in the first quarter.
• Multiple hedge funds have increased their positions, with notable purchases from Vanguard Group Inc. and Bank of New York Mellon Corp., indicating significant institutional interest in Disney shares.
• Analysts have boosted their target prices for Disney stock, with Citigroup raising its target from $125 to $140, and the company's stock currently holds a consensus rating of "Moderate Buy."

Voleon Capital Management LP bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,950 shares of the entertainment giant's stock, valued at approximately $2,857,000.

A number of other large investors have also bought and sold shares of the business. Ashton Thomas Private Wealth LLC increased its stake in Walt Disney by 10.5% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 22,422 shares of the entertainment giant's stock worth $2,213,000 after purchasing an additional 2,136 shares in the last quarter. Guardian Partners Inc. grew its stake in shares of Walt Disney by 2.0% during the 1st quarter. Guardian Partners Inc. now owns 32,010 shares of the entertainment giant's stock worth $3,159,000 after acquiring an additional 630 shares in the last quarter. Sender Co & Partners Inc. bought a new position in shares of Walt Disney during the 1st quarter worth approximately $5,145,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Walt Disney by 663.7% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 34,138 shares of the entertainment giant's stock worth $3,369,000 after acquiring an additional 29,668 shares in the last quarter. Finally, Aberdeen Wealth Management LLC grew its stake in shares of Walt Disney by 2.7% during the 1st quarter. Aberdeen Wealth Management LLC now owns 7,533 shares of the entertainment giant's stock worth $743,000 after acquiring an additional 201 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Walt Disney stock traded down $1.46 during midday trading on Wednesday, reaching $115.91. The company's stock had a trading volume of 7,481,994 shares, compared to its average volume of 9,453,419. The business has a 50-day moving average price of $118.78 and a 200-day moving average price of $108.90. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The stock has a market cap of $208.40 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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

Analyst Ratings Changes

DIS has been the subject of several research reports. UBS Group raised their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Citigroup raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Guggenheim raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. raised their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, September 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 company's stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.