The Walt Disney Company (NYSE:DIS) Stake Boosted by Xponance Inc.

by · The Markets Daily

Xponance Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 270,521 shares of the entertainment giant’s stock after acquiring an additional 269 shares during the quarter. Xponance Inc.’s holdings in Walt Disney were worth $26,700,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after acquiring an additional 809,989 shares during the period. Northern Trust Corp raised its holdings in shares of Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares during the period. Norges Bank acquired a new stake in shares of Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Bank of New York Mellon Corp grew its stake in Walt Disney by 4.2% during the 1st 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Walt Disney by 21.8% during the 4th 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 valued at $1,878,142,000 after acquiring an additional 3,016,339 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DIS shares. Rosenblatt Securities lifted 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. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Finally, Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.35.

View Our Latest Report on Walt Disney

Walt Disney Stock Up 0.8%

DIS opened at $121.54 on Friday. The business has a 50 day moving average price of $114.35 and a 200 day moving average price of $106.65. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market cap of $218.50 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.56.

Walt Disney (NYSE:DIS – Get Free Report) last posted its 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 return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the company earned $1.21 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

About Walt Disney

(Free Report)

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.

Further Reading

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