Legal & General Group Plc Purchases 425,438 Shares of The Walt Disney Company (NYSE:DIS)

Legal & General Group Plc boosted its position in The Walt Disney Company (NYSE:DIS) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,281,047 shares of the entertainment giant’s stock after purchasing an additional 425,438 shares during the quarter. Legal & General Group Plc owned about 0.78% of Walt Disney worth $1,417,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Gryphon Financial Partners LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at $603,000. Steward Partners Investment Advisory LLC lifted its stake in Walt Disney by 3.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 64,916 shares of the entertainment giant’s stock worth $5,861,000 after purchasing an additional 2,152 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Walt Disney by 8.4% in the 4th quarter. TD Asset Management Inc now owns 1,266,350 shares of the entertainment giant’s stock worth $114,339,000 after purchasing an additional 98,535 shares in the last quarter. Focus Financial Network Inc. ADV bought a new stake in Walt Disney in the 4th quarter worth $1,802,000. Finally, StoneX Group Inc. purchased a new position in shares of Walt Disney in the fourth quarter valued at about $954,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Up 1.4 %

Shares of NYSE:DIS opened at $95.20 on Friday. 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 stock has a fifty day simple moving average of $90.39 and a two-hundred day simple moving average of $101.49. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The stock has a market capitalization of $173.55 billion, a price-to-earnings ratio of 103.48, a PEG ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. On average, research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Thursday. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Wells Fargo & Company decreased their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Raymond James cut their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, 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 report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.43.

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.