The Walt Disney Company (NYSE:DIS) Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 642,126 shares of the entertainment giant’s stock after acquiring an additional 46,620 shares during the period. Sei Investments Co.’s holdings in Walt Disney were worth $63,760,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

DIS has been the topic of several research reports. Evercore ISI lowered their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Raymond James lowered 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. 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 report on Thursday, August 8th. Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Macquarie lowered their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.43.

Walt Disney Stock Performance

NYSE DIS opened at $93.75 on Monday. The business’s 50-day moving average price is $90.67 and its 200 day moving average price is $101.83. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a market capitalization of $170.91 billion, a PE ratio of 101.90, a price-to-earnings-growth ratio of 1.31 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.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The company 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%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 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, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

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.