Summit Global Investments Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Summit Global Investments raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 476.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,379 shares of the entertainment giant's stock after acquiring an additional 10,230 shares during the quarter. Summit Global Investments' holdings in Walt Disney were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. ESL Trust Services LLC acquired a new stake in Walt Disney during the 1st quarter valued at approximately $31,000. William B. Walkup & Associates Inc. bought a new position in Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC increased its position in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant's stock valued at $44,000 after purchasing an additional 122 shares during the last quarter. First PREMIER Bank increased its position in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of Walt Disney by 78.2% during the 1st quarter. J.Safra Asset Management Corp now owns 540 shares of the entertainment giant's stock valued at $66,000 after purchasing an additional 237 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $0.09 during trading on Friday, hitting $99.02. 7,982,113 shares of the company's stock traded hands, compared to its average volume of 7,450,800. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a market capitalization of $179.58 billion, a P/E ratio of 38.08, a PEG ratio of 1.57 and a beta of 1.40. The business has a 50-day simple moving average of $93.90 and a 200-day simple moving average of $97.05.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to analysts' expectations of $23.08 billion. During the same period last year, the firm posted $1.03 earnings per share. Walt Disney's revenue was up 3.9% compared to the same quarter last year. As a group, analysts forecast that The Walt Disney Company will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, August 8th. UBS Group dropped their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a "buy" rating and issued a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Barclays decreased their price target on Walt Disney from $130.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus target price of $118.05.

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.