Nuveen LLC Buys New Shares in The Walt Disney Company (NYSE:DIS)
Nuveen LLC acquired a new stake in The Walt Disney Company (NYSE:DIS), purchasing 13,714,357 shares valued at approximately $1.35 billion in Q1. Other institutional investors also increased their holdings. Disney's stock performance shows a market cap of $202.07 billion, with a PE ratio of 17.62. The company reported $1.61 EPS for the last quarter, exceeding estimates. Analysts have raised price targets, with Citigroup and Barclays setting targets at $140.00, maintaining a "buy" rating.
Nuveen LLC purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,714,357 shares of the entertainment giant's stock, valued at approximately $1,353,607,000. Nuveen LLC owned 0.76% of Walt Disney at the end of the most recent reporting period.
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Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after acquiring an additional 1,904 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Walt Disney by 4.2% during the fourth quarter. Bessemer Group Inc. now owns 54,562 shares of the entertainment giant's stock valued at $6,075,000 after purchasing an additional 2,182 shares during the period. Quinn Opportunity Partners LLC raised its stake in shares of Walt Disney by 121.4% in the fourth quarter. Quinn Opportunity Partners LLC now owns 15,500 shares of the entertainment giant's stock valued at $1,726,000 after purchasing an additional 8,500 shares in the last quarter. Nicolet Bankshares Inc. lifted its position in Walt Disney by 17.0% in the fourth quarter. Nicolet Bankshares Inc. now owns 9,756 shares of the entertainment giant's stock worth $1,086,000 after purchasing an additional 1,421 shares during the period. Finally, Keyes Stange & Wooten Wealth Management LLC lifted its position in Walt Disney by 18.6% in the fourth quarter. Keyes Stange & Wooten Wealth Management LLC now owns 5,455 shares of the entertainment giant's stock worth $607,000 after purchasing an additional 857 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.
Walt Disney Stock Performance
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DIS stock opened at $112.40 on Friday. The company has a 50 day moving average price of $119.16 and a 200 day moving average price of $108.00. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.61. The stock has a market capitalization of $202.07 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56.
Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.39 EPS. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.
Wall Street Analysts Forecast Growth
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A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Guggenheim upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $131.14.
Get Our Latest Stock Report on Walt Disney
About Walt Disney
(Free Report)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.
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