The Walt Disney Company (NYSE:DIS) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its holdings in The Walt Disney Company (NYSE:DIS) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,040,297 shares of the entertainment giant’s stock after acquiring an additional 293,482 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.66% of Walt Disney worth $1,473,252,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Norges Bank acquired a new position in shares of Walt Disney during the 4th quarter valued at $1,938,647,000. Jennison Associates LLC acquired a new position in shares of Walt Disney during the 1st quarter valued at $1,490,492,000. Charles Schwab Investment Management Inc. increased its position in shares of Walt Disney by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after purchasing an additional 211,397 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Walt Disney by 4.5% during the 4th quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock valued at $650,472,000 after purchasing an additional 309,376 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.8 %

Shares of NYSE:DIS traded up $0.72 during midday trading on Friday, hitting $89.93. 11,301,857 shares of the stock were exchanged, compared to its average volume of 10,272,014. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The business’s fifty day simple moving average is $99.38 and its two-hundred day simple moving average is $105.26. The company has a market capitalization of $163.95 billion, a PE ratio of 97.75, a P/E/G ratio of 1.12 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating 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 company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period last year, the company earned $0.93 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DIS shares. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Rosenblatt Securities raised their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. UBS Group reduced their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. initiated coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $128.54.

Insider Buying and Selling at Walt Disney

In related news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

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.