RiverFront Investment Group LLC Grows Stock Position in The Walt Disney Company (NYSE:DIS)

RiverFront Investment Group LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 3.9% during the second quarter, Holdings Channel reports. The institutional investor owned 5,780 shares of the entertainment giant’s stock after purchasing an additional 216 shares during the quarter. RiverFront Investment Group LLC’s holdings in Walt Disney were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.5% during the first 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 last quarter. Bank of New York Mellon Corp raised its position in shares of Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after purchasing an additional 1,449,730 shares during the period. Legal & General Group Plc lifted its stake in shares of Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after buying an additional 425,438 shares in the last quarter. Jennison Associates LLC purchased a new position in Walt Disney in the 1st quarter valued at approximately $1,490,492,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after acquiring an additional 293,482 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $94.05 on Wednesday. The firm has a market capitalization of $171.46 billion, a PE ratio of 102.23, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. 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 12 month low of $78.73 and a 12 month high of $123.74. The business’s 50-day moving average price is $90.50 and its 200-day moving average price is $100.98.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS 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 analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. Sell-side analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost 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 in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Loop Capital cut their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Macquarie cut their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Moffett Nathanson reduced their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.43.

Walt Disney Company 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.