Vontobel Holding Ltd. Has $29.95 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Vontobel Holding Ltd. boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 27.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,378 shares of the entertainment giant’s stock after buying an additional 66,856 shares during the quarter. Vontobel Holding Ltd.’s holdings in Walt Disney were worth $29,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. raised its stake in Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after acquiring an additional 916,772 shares during the period. Jennison Associates LLC bought a new position in shares of Walt Disney in the first quarter valued at about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after buying an additional 22,568 shares during the last quarter. Rheos Capital Works Inc. boosted its holdings in shares of Walt Disney by 41.3% during the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock worth $21,523,000 after buying an additional 51,400 shares during the period. Finally, Nordea Investment Management AB grew its stake in Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after buying an additional 810,923 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DIS. Bank of America cut 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 report on Thursday, August 8th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Macquarie decreased their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Morgan Stanley dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Trading Up 2.7 %

Shares of DIS stock opened at $96.75 on Thursday. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The stock’s fifty day moving average price is $91.29 and its two-hundred day moving average price is $99.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $176.38 billion, a PE ratio of 105.16, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. Equities analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.