The Walt Disney Company (NYSE:DIS) Stock Position Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 9.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 228,640 shares of the entertainment giant’s stock after buying an additional 20,485 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Walt Disney were worth $22,702,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. boosted its stake in Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after purchasing an additional 916,772 shares during the period. Jennison Associates LLC acquired a new position in Walt Disney during the 1st quarter valued at about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after purchasing an additional 22,568 shares during the period. Rheos Capital Works Inc. boosted its stake in Walt Disney by 41.3% during the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Walt Disney by 555.9% during the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after purchasing an additional 810,923 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.4 %

Walt Disney stock opened at $90.55 on Friday. The firm has a market cap of $164.22 billion, a PE ratio of 98.42, a P/E/G ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm’s 50 day moving average price is $91.06 and its two-hundred day moving average price is $102.60. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

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

Analyst Upgrades and Downgrades

DIS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI reduced their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Raymond James reduced their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Loop Capital reduced their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Insider Buying and Selling 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. Company 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.