The Walt Disney Company (NYSE:DIS) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 160.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 829,220 shares of the entertainment giant’s stock after acquiring an additional 510,844 shares during the period. AQR Capital Management LLC’s holdings in Walt Disney were worth $82,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Gryphon Financial Partners LLC purchased a new position in shares of Walt Disney in the fourth quarter worth about $603,000. Steward Partners Investment Advisory LLC raised its position in Walt Disney by 3.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 64,916 shares of the entertainment giant’s stock worth $5,861,000 after buying an additional 2,152 shares during the last quarter. TD Asset Management Inc lifted its stake in Walt Disney by 8.4% during the 4th quarter. TD Asset Management Inc now owns 1,266,350 shares of the entertainment giant’s stock valued at $114,339,000 after acquiring an additional 98,535 shares during the period. Focus Financial Network Inc. ADV acquired a new stake in Walt Disney during the 4th quarter valued at approximately $1,802,000. Finally, StoneX Group Inc. acquired a new stake in shares of Walt Disney in the fourth quarter worth $954,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 1.4 %

Shares of DIS stock opened at $95.20 on Friday. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a market capitalization of $173.55 billion, a P/E ratio of 103.48, a PEG ratio of 1.53 and a beta of 1.40. The stock’s fifty day moving average is $90.42 and its two-hundred day moving average is $101.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

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

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of research reports. Evercore ISI decreased their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Raymond James dropped their target price on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Moffett Nathanson decreased their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note 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’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target 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.