Wilmington Savings Fund Society FSB Raises Position in The Walt Disney Company $DIS

Key Points

• Wilmington Savings Fund Society FSB increased its stake in The Walt Disney Company by 7.4%, owning 68,527 shares valued at $8,498,000 as of the latest SEC filing.
• Several institutional investors, including Vanguard Group and UBS AM, also raised their holdings in Walt Disney, totaling over 65.71% of the stock owned by hedge funds and institutions.
• The Walt Disney Company reported $1.61 EPS for the last quarter, exceeding estimates, with an average price target of $131.18 from analysts who rated the stock as a "Moderate Buy."

Wilmington Savings Fund Society FSB raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,527 shares of the entertainment giant's stock after purchasing an additional 4,725 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Walt Disney were worth $8,498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of 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 in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney in the second quarter valued at approximately $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock valued at $1,826,930,000 after acquiring an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after acquiring an additional 717,066 shares in the last quarter. Finally, Amundi grew its holdings in shares of Walt Disney by 11.4% in the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock valued at $1,468,873,000 after acquiring an additional 1,520,513 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 1.0%

Shares of DIS stock opened at $110.32 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a market capitalization of $198.35 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54. The business's fifty day moving average is $115.18 and its 200 day moving average is $110.57.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DIS shares. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Evercore ISI increased their price objective on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Stephens reissued a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and an average price target 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.

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