The Walt Disney Company (NYSE:DIS) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 4.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 107,880 shares of the entertainment giant’s stock after acquiring an additional 4,878 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Walt Disney were worth $10,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Vaughan Nelson Investment Management L.P. boosted its position in shares of Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after purchasing 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 stake in shares of Walt Disney by 4.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after buying an additional 22,568 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after buying an additional 810,923 shares during the period. Finally, Arlington Financial Advisors LLC lifted its stake in Walt Disney by 456.9% during the 1st quarter. Arlington Financial Advisors LLC now owns 33,462 shares of the entertainment giant’s stock worth $4,094,000 after acquiring an additional 27,453 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of several research reports. Wells Fargo & Company dropped their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Moffett Nathanson cut their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Bank of America decreased their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Macquarie dropped their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Finally, Loop Capital reduced their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Performance

Shares of DIS opened at $95.03 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74. The stock has a 50 day moving average price of $92.61 and a 200 day moving average price of $98.12. The company has a market capitalization of $173.24 billion, a price-to-earnings ratio of 103.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its 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. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.