Toronto Dominion Bank Grows Stake in The Walt Disney Company (NYSE:DIS)

Toronto Dominion Bank lifted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,165,254 shares of the entertainment giant's stock after purchasing an additional 240,244 shares during the period. Toronto Dominion Bank owned 0.06% of Walt Disney worth $129,750,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in Walt Disney in the fourth quarter valued at $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings 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 valued at $638,699,000 after buying an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after buying an additional 4,680,930 shares during the period. Jennison Associates LLC lifted its holdings in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Walt Disney in the fourth quarter valued at $358,151,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 0.7%

Walt Disney stock traded down $0.83 during midday trading on Monday, hitting $112.59. 7,204,864 shares of the stock were exchanged, compared to its average volume of 10,028,774. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The stock has a market capitalization of $202.41 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The business's 50-day moving average price is $94.62 and its 200-day moving average price is $104.79. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the previous year, the company earned $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DIS shares. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. UBS Group lifted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Guggenheim decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Barclays lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.54.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

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.