The Walt Disney Company (NYSE:DIS) is ValueAct Holdings L.P.’s 3rd Largest Position

ValueAct Holdings L.P. raised its stake in The Walt Disney Company (NYSE:DIS) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,133,631 shares of the entertainment giant’s stock after buying an additional 715,000 shares during the period. Walt Disney comprises 17.1% of ValueAct Holdings L.P.’s holdings, making the stock its 3rd biggest holding. ValueAct Holdings L.P. owned about 0.34% of Walt Disney worth $609,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Mcdonald Partners LLC boosted its position in Walt Disney by 0.5% in the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after buying an additional 88 shares during the period. McKinley Carter Wealth Services Inc. boosted its position in Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after buying an additional 89 shares during the period. Sendero Wealth Management LLC boosted its position in Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after buying an additional 89 shares during the period. Pflug Koory LLC boosted its position in Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after buying an additional 91 shares during the period. Finally, Regent Peak Wealth Advisors LLC boosted its position in Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after buying an additional 94 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Moffett Nathanson lowered 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 report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC lowered their price target on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company lowered their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Stock Down 0.8 %

NYSE:DIS opened at $92.96 on Tuesday. The firm has a market capitalization of $169.47 billion, a P/E ratio of 101.04, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company’s fifty day moving average price is $90.59 and its 200-day moving average price is $101.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated 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 purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

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.