Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,129,166 shares of the entertainment giant’s stock after purchasing an additional 88,249 shares during the period. Walt Disney accounts for approximately 0.6% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings, making the stock its 24th biggest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Walt Disney worth $154,876,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DIS. Sandy Cove Advisors LLC bought a new stake in Walt Disney during the 4th quarter worth approximately $27,000. Roble Belko & Company Inc increased its stake in Walt Disney by 96.2% during the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in Walt Disney by 94.7% during the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 107 shares in the last quarter. Joseph Group Capital Management bought a new stake in Walt Disney during the 4th quarter worth approximately $1,573,000. Finally, Advanced Research Investment Solutions LLC increased its stake in Walt Disney by 46.0% during the 4th quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant’s stock worth $36,000 after purchasing an additional 75 shares in the last quarter. 64.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on DIS. JPMorgan Chase & Co. lowered their target price on Walt Disney from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, April 19th. Morgan Stanley lowered their target price on Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, June 30th. Evercore ISI lowered their target price on Walt Disney from $150.00 to $130.00 in a research note on Wednesday, July 27th. Daiwa Capital Markets decreased their price target on shares of Walt Disney from $201.00 to $151.00 and set a “buy” rating for the company in a research note on Tuesday, May 24th. Finally, BMO Capital Markets decreased their price target on shares of Walt Disney from $140.00 to $135.00 in a research note on Thursday, May 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $154.28.
Walt Disney Price Performance
Walt Disney (NYSE:DIS – Get Rating) last announced its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.12). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. The business had revenue of $19.25 billion for the quarter, compared to analyst estimates of $20.25 billion. During the same period in the prior year, the business earned $0.79 EPS. On average, research analysts expect that The Walt Disney Company will post 3.93 EPS for the current fiscal year.
Walt Disney Company Profile
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.
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