The Walt Disney Company $DIS Shares Acquired by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. grew its holdings in The Walt Disney Company (NYSE:DIS) by 78.4% during the 2nd quarter, Holdings Channel reports. The fund owned 77,130 shares of the entertainment giant’s stock after purchasing an additional 33,904 shares during the period. Walt Disney makes up about 2.0% of Kinsale Capital Group Inc.’s holdings, making the stock its 20th largest holding. Kinsale Capital Group Inc.’s holdings in Walt Disney were worth $9,565,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. J. Safra Sarasin Holding AG increased its holdings in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after purchasing an additional 16,781 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney during the second quarter valued at $4,220,599,000. Wedge Capital Management L L P NC increased its holdings in Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares in the last quarter. Lodge Hill Capital LLC acquired a new position in shares of Walt Disney in the first quarter worth about $24,373,000. Finally, Border to Coast Pensions Partnership Ltd boosted its stake in shares of Walt Disney by 13.6% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after acquiring an additional 60,353 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIS. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Stock Up 0.3%

NYSE DIS opened at $110.80 on Friday. The business has a fifty day moving average price of $113.45 and a 200 day moving average price of $113.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $199.21 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 EPS. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.