Cullen Frost Bankers Inc. Raises Holdings in The Walt Disney Company (NYSE:DIS)

Cullen Frost Bankers Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 233,672 shares of the entertainment giant’s stock after acquiring an additional 11,995 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Walt Disney were worth $23,201,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DIS. Sivia Capital Partners LLC boosted its holdings in shares of Walt Disney by 8.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,658 shares of the entertainment giant’s stock valued at $363,000 after purchasing an additional 285 shares during the last quarter. Savant Capital LLC raised its stake in shares of Walt Disney by 8.4% in the 2nd quarter. Savant Capital LLC now owns 51,114 shares of the entertainment giant’s stock valued at $5,075,000 after acquiring an additional 3,969 shares during the period. North Star Asset Management Inc. raised its stake in shares of Walt Disney by 3.0% in the 2nd quarter. North Star Asset Management Inc. now owns 115,460 shares of the entertainment giant’s stock valued at $11,464,000 after acquiring an additional 3,347 shares during the period. Private Advisor Group LLC raised its stake in shares of Walt Disney by 5.1% in the 2nd quarter. Private Advisor Group LLC now owns 265,365 shares of the entertainment giant’s stock valued at $26,348,000 after acquiring an additional 12,801 shares during the period. Finally, New York Life Investment Management LLC raised its stake in shares of Walt Disney by 0.4% in the 2nd quarter. New York Life Investment Management LLC now owns 278,098 shares of the entertainment giant’s stock valued at $27,612,000 after acquiring an additional 1,214 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Down 0.8 %

Shares of DIS stock traded down $0.71 during trading hours on Friday, reaching $87.94. 7,791,503 shares of the stock traded hands, compared to its average volume of 11,356,279. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The business has a fifty day moving average price of $91.98 and a 200 day moving average price of $103.26. 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 firm has a market capitalization of $160.32 billion, a PE ratio of 95.63, a PEG ratio of 1.34 and a beta of 1.40.

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

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. UBS Group cut their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI dropped their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company dropped their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Macquarie dropped their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.