Perpetual Ltd Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Perpetual Ltd increased its holdings in The Walt Disney Company (NYSE:DISFree Report) by 149.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,538 shares of the entertainment giant’s stock after buying an additional 8,120 shares during the period. Perpetual Ltd’s holdings in Walt Disney were worth $1,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DIS. Trian Fund Management L.P. raised its stake in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter worth $1,938,647,000. ValueAct Holdings L.P. acquired a new position in shares of Walt Disney during the fourth quarter worth $459,245,000. International Assets Investment Management LLC lifted its holdings in shares of Walt Disney by 8,681.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after purchasing an additional 3,311,563 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after purchasing an additional 2,384,407 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on DIS shares. Barclays decreased their price target on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Bank of America lifted their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Needham & Company LLC restated a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Tigress Financial reissued a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.29.

Check Out Our Latest Analysis on Walt Disney

Walt Disney Price Performance

NYSE DIS traded up $0.36 during trading hours on Thursday, reaching $101.87. The company’s stock had a trading volume of 7,882,378 shares, compared to its average volume of 11,463,230. The firm has a market capitalization of $185.70 billion, a price-to-earnings ratio of 110.72, a P/E/G ratio of 1.26 and a beta of 1.40. The company’s 50-day moving average is $106.14 and its two-hundred day moving average is $104.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DISGet Free Report) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the prior year, the company posted $0.93 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts predict that The Walt Disney Company will post 4.75 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by company insiders.

Walt Disney Company Profile

(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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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