Conning Inc. Purchases 443 Shares of The Walt Disney Company $DIS

Conning Inc. raised its position in The Walt Disney Company (NYSE:DIS) by 1.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 44,041 shares of the entertainment giant’s stock after acquiring an additional 443 shares during the period. Conning Inc.’s holdings in Walt Disney were worth $5,462,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DIS. Vanguard Group Inc. increased its position in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth approximately $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock worth $1,758,968,000 after purchasing an additional 717,066 shares during the last quarter. Finally, Amundi increased its position in shares of Walt Disney by 11.4% during the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock worth $1,468,873,000 after purchasing an additional 1,520,513 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $109.17 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock’s fifty day moving average price is $115.36 and its two-hundred day moving average price is $110.34. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market cap of $196.27 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.46 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS 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 firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on DIS. Rosenblatt Securities boosted their price target on Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $131.18.

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.