Saratoga Research & Investment Management Has $128.42 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Saratoga Research & Investment Management cut its position in The Walt Disney Company (NYSE:DIS) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,293,333 shares of the entertainment giant’s stock after selling 43,047 shares during the quarter. Walt Disney comprises 5.8% of Saratoga Research & Investment Management’s holdings, making the stock its 6th biggest position. Saratoga Research & Investment Management owned approximately 0.07% of Walt Disney worth $128,415,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after buying an additional 2,325,582 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after acquiring an additional 1,449,730 shares during the period. Legal & General Group Plc raised its holdings in Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after purchasing an additional 425,438 shares in the last quarter. Jennison Associates LLC acquired a new stake in Walt Disney in the first quarter worth approximately $1,490,492,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after purchasing an additional 293,482 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.9 %

DIS opened at $96.01 on Monday. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The business has a 50 day moving average of $90.40 and a 200-day moving average of $101.22. The stock has a market capitalization of $175.03 billion, a price-to-earnings ratio of 104.36, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DIS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Barclays dropped their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley reduced their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Evercore ISI dropped their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Thursday. Three analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Walt Disney Company 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.