Ascent Group LLC Buys 34,310 Shares of The Walt Disney Company $DIS

Ascent Group LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 111.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,076 shares of the entertainment giant’s stock after buying an additional 34,310 shares during the period. Ascent Group LLC’s holdings in Walt Disney were worth $6,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Great Lakes Advisors LLC grew its stake in Walt Disney by 1.1% in the 1st quarter. Great Lakes Advisors LLC now owns 1,425,512 shares of the entertainment giant’s stock worth $140,220,000 after buying an additional 15,600 shares in the last quarter. Caxton Associates LLP purchased a new position in Walt Disney in the 1st quarter worth approximately $48,419,000. Signature Estate & Investment Advisors LLC grew its stake in Walt Disney by 3.1% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 8,406 shares of the entertainment giant’s stock worth $830,000 after buying an additional 254 shares in the last quarter. Sciencast Management LP grew its stake in Walt Disney by 34.1% in the 1st quarter. Sciencast Management LP now owns 36,572 shares of the entertainment giant’s stock worth $3,610,000 after buying an additional 9,296 shares in the last quarter. Finally, Voleon Capital Management LP bought a new position in Walt Disney during the first quarter valued at approximately $2,857,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $117.93 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $212.03 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.71 and a beta of 1.55. The business has a fifty day simple moving average of $119.01 and a two-hundred day simple moving average of $108.77. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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 business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent research reports. Barclays increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Stephens restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group raised their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Morgan Stanley raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

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.