RiverFront Investment Group LLC Has $574,000 Stake in The Walt Disney Company (NYSE:DIS)

RiverFront Investment Group LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,780 shares of the entertainment giant’s stock after buying an additional 216 shares during the quarter. RiverFront Investment Group LLC’s holdings in Walt Disney were worth $574,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after acquiring an additional 2,325,582 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Walt Disney by 10.8% during the 2nd 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 in the last quarter. Legal & General Group Plc grew its stake in Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after purchasing an additional 425,438 shares during the period. Jennison Associates LLC bought a new stake in Walt Disney in the first quarter worth approximately $1,490,492,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Walt Disney by 2.5% in the first 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 buying an additional 293,482 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $94.05 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a fifty day moving average price of $90.50 and a 200-day moving average price of $100.98. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a market cap of $171.46 billion, a price-to-earnings ratio of 102.23, a PEG ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $23.08 billion. During the same period in the prior year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Loop Capital reduced their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. 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 report on Thursday, August 8th. UBS Group cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America decreased their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company 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.