Quintet Private Bank Europe S.A. Has $68.28 Million Holdings in The Walt Disney Company (NYSE:DIS)

Quintet Private Bank Europe S.A. increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 691,799 shares of the entertainment giant’s stock after acquiring an additional 17,593 shares during the quarter. Walt Disney comprises approximately 4.0% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 7th largest holding. Quintet Private Bank Europe S.A.’s holdings in Walt Disney were worth $68,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp raised its position in Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock valued at $2,476,693,000 after purchasing an additional 2,096,431 shares during the last quarter. Norges Bank bought a new position in Walt Disney in the 4th quarter valued at $2,415,427,000. Bank of New York Mellon Corp raised its position in Walt Disney by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock valued at $1,878,142,000 after buying an additional 3,016,339 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on DIS. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. UBS Group boosted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Guggenheim lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Finally, Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.96.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by insiders.

Walt Disney Stock Down 0.9%

NYSE:DIS opened at $118.50 on Friday. The firm has a market capitalization of $213.03 billion, a price-to-earnings ratio of 38.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $120.50. The stock’s 50 day moving average price is $100.85 and its two-hundred day moving average price is $105.90. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.