The Walt Disney Company (NYSE:DIS) Shares Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,395 shares of the entertainment giant’s stock after purchasing an additional 1,267 shares during the period. E Fund Management Co. Ltd.’s holdings in Walt Disney were worth $1,131,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in shares of Walt Disney during the first quarter worth $31,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney during the fourth quarter worth $28,000. Red Tortoise LLC raised its holdings in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $37,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Walt Disney during the first quarter worth $51,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. 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. Raymond James lowered their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company 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 for the company in a research report on Monday, August 5th. 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, 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. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Stock Performance

NYSE:DIS opened at $93.59 on Thursday. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a 50-day moving average of $90.80 and a 200-day moving average of $102.16. The firm has a market cap of $170.62 billion, a price-to-earnings ratio of 101.73, 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 issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS 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 the consensus estimate of $23.08 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.