The Walt Disney Company (NYSE:DIS) Shares Bought by Sarasin & Partners LLP

Sarasin & Partners LLP raised its stake in The Walt Disney Company (NYSE:DISGet Rating) by 20.3% in the second quarter, HoldingsChannel reports. The fund owned 2,813,352 shares of the entertainment giant’s stock after purchasing an additional 474,701 shares during the period. Walt Disney accounts for approximately 3.3% of Sarasin & Partners LLP’s investment portfolio, making the stock its 8th largest holding. Sarasin & Partners LLP’s holdings in Walt Disney were worth $265,580,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DIS. Summit Global Investments grew its holdings in shares of Walt Disney by 21.1% during the 4th quarter. Summit Global Investments now owns 4,078 shares of the entertainment giant’s stock worth $632,000 after purchasing an additional 711 shares during the period. ETF Managers Group LLC lifted its stake in Walt Disney by 4.9% during the 4th quarter. ETF Managers Group LLC now owns 3,699 shares of the entertainment giant’s stock worth $577,000 after acquiring an additional 174 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Walt Disney during the 4th quarter worth about $2,932,000. Partners Capital Investment Group LLP lifted its stake in Walt Disney by 33.8% during the 4th quarter. Partners Capital Investment Group LLP now owns 27,730 shares of the entertainment giant’s stock worth $4,295,000 after acquiring an additional 7,009 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its stake in Walt Disney by 2.2% during the 4th quarter. IHT Wealth Management LLC now owns 37,247 shares of the entertainment giant’s stock worth $5,769,000 after acquiring an additional 799 shares in the last quarter. 61.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the transaction, the executive vice president now owns 28,624 shares in the company, valued at approximately $3,407,114.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DIS shares. JPMorgan Chase & Co. decreased their target price on Walt Disney from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. KeyCorp increased their target price on Walt Disney from $131.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Deutsche Bank Aktiengesellschaft reduced their price target on Walt Disney from $191.00 to $130.00 in a research report on Monday, June 6th. Evercore ISI reduced their price target on Walt Disney from $150.00 to $130.00 in a research report on Wednesday, July 27th. Finally, Wells Fargo & Company increased their price target on Walt Disney from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Walt Disney Trading Down 2.2 %

DIS opened at $102.16 on Friday. The business’s 50-day simple moving average is $110.43 and its 200-day simple moving average is $113.15. The company has a market cap of $186.24 billion, a P/E ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. The Walt Disney Company has a one year low of $90.23 and a one year high of $179.63.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. As a group, equities research analysts expect that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

Walt Disney Company Profile

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

See Also

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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