The Walt Disney Company (NYSE:DIS) Stake Lifted by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,108 shares of the entertainment giant’s stock after buying an additional 334 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Walt Disney were worth $10,868,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in 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 worth $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp lifted 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 worth $2,476,693,000 after buying an additional 2,096,431 shares in the last quarter. Norges Bank purchased a new stake in Walt Disney in the 4th quarter worth approximately $2,415,427,000. Bank of New York Mellon Corp lifted 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 worth $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Walt Disney by 21.8% in the 4th 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 worth $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.

Walt Disney Stock Performance

NYSE:DIS opened at $113.54 on Thursday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The firm’s fifty day simple moving average is $97.87 and its 200 day simple moving average is $105.75. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $204.12 billion, a PE ratio of 36.98, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Loop Capital increased their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Rosenblatt Securities increased their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, Guggenheim cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.75.

About Walt Disney

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.