Coronation Fund Managers Ltd. Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

Coronation Fund Managers Ltd. boosted its stake in The Walt Disney Company (NYSE:DIS) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 189,762 shares of the entertainment giant’s stock after buying an additional 1,977 shares during the period. Walt Disney makes up approximately 1.0% of Coronation Fund Managers Ltd.’s portfolio, making the stock its 29th biggest position. Coronation Fund Managers Ltd.’s holdings in Walt Disney were worth $18,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the first quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC boosted its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citigroup boosted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. UBS Group boosted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Barclays boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Evercore ISI upped their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $131.14.

Walt Disney Price Performance

Walt Disney stock opened at $112.40 on Friday. The business has a 50 day simple moving average of $119.16 and a 200-day simple moving average of $108.00. The stock has a market capitalization of $202.07 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.61. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter last year, the business posted $1.39 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% 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.