The Walt Disney Company (NYSE:DIS) Holdings Raised by QV Investors Inc.

QV Investors Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,570 shares of the entertainment giant’s stock after acquiring an additional 280 shares during the period. QV Investors Inc.’s holdings in Walt Disney were worth $10,636,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DIS. Jennison Associates LLC purchased a new position in Walt Disney in the first quarter valued at about $1,490,492,000. Capital World Investors lifted its holdings in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares during the last quarter. Swedbank AB bought a new stake in shares of Walt Disney in the 1st quarter valued at approximately $493,715,000. Farallon Capital Management LLC acquired a new position in Walt Disney in the second quarter worth approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board bought a new position in Walt Disney during the first quarter valued at approximately $425,567,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.7 %

DIS stock opened at $94.27 on Wednesday. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a market cap of $171.86 billion, a PE ratio of 102.47, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The business’s 50-day simple moving average is $91.08 and its 200 day simple moving average is $99.26.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. On average, research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. UBS Group decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Evercore ISI cut their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company decreased their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $119.20.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.