The Walt Disney Company (NYSE:DIS) Shares Bought by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lifted its stake in The Walt Disney Company (NYSE:DIS) by 63.1% in the third quarter, HoldingsChannel reports. The fund owned 184,731 shares of the entertainment giant’s stock after purchasing an additional 71,493 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in Walt Disney were worth $17,769,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in DIS. Jennison Associates LLC acquired a new stake in Walt Disney during the first quarter valued at approximately $1,490,492,000. Capital World Investors lifted its stake in Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB acquired a new stake in Walt Disney during the first quarter valued at approximately $493,715,000. Farallon Capital Management LLC acquired a new stake in Walt Disney during the second quarter valued at approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Walt Disney during the first quarter valued at approximately $425,567,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.4 %

Walt Disney stock opened at $95.81 on Friday. The company has a market capitalization of $173.76 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.53 and a beta of 1.40. The firm’s fifty day simple moving average is $93.16 and its 200-day simple moving average is $97.45. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $81.82 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. Sell-side analysts forecast that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Bank of America decreased their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company decreased their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Finally, Evercore ISI decreased their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.05.

Insider Activity

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

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.