M&G Plc Invests $1.25 Million in The Walt Disney Company (NYSE:DIS)

M&G PLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,024 shares of the entertainment giant's stock, valued at approximately $1,250,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DIS. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.5% in the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant's stock worth $18,815,185,000 after buying an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant's stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock valued at $1,417,958,000 after acquiring an additional 425,438 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Walt Disney by 2.5% in the first 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Walt Disney by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant's stock worth $988,290,000 after purchasing an additional 102,210 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. JPMorgan Chase & Co. lowered their price objective on shares of Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Raymond James reiterated a "market perform" rating on shares of Walt Disney in a research report on Tuesday, October 1st. Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. UBS Group lowered their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Bank of America cut their target price on Walt Disney from $145.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $118.05.

Walt Disney Trading Up 0.1 %

DIS traded up $0.09 during trading on Friday, hitting $99.02. 7,982,113 shares of the stock were exchanged, compared to its average volume of 7,450,800. 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 has a 50 day simple moving average of $93.90 and a 200 day simple moving average of $97.05. The firm has a market cap of $179.58 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.40. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS 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 return on equity of 8.64% and a net margin of 5.30%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 4.93 EPS for the current year.

Walt Disney 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.