Defender Capital LLC. bought a new position in shares of Walt Disney Co (NYSE:DIS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,511 shares of the entertainment giant’s stock, valued at approximately $503,000. Walt Disney makes up approximately 0.3% of Defender Capital LLC.’s portfolio, making the stock its 18th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. State Street Corp raised its stake in Walt Disney by 0.8% in the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock valued at $7,240,390,000 after buying an additional 565,404 shares during the period. Morgan Stanley raised its stake in Walt Disney by 16.7% in the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock valued at $2,653,710,000 after buying an additional 3,939,992 shares during the period. Geode Capital Management LLC raised its stake in Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock valued at $3,748,495,000 after buying an additional 548,830 shares during the period. Norges Bank bought a new stake in Walt Disney in the fourth quarter valued at approximately $2,572,048,000. Finally, Nuveen Asset Management LLC raised its stake in Walt Disney by 2.4% in the first quarter. Nuveen Asset Management LLC now owns 16,552,686 shares of the entertainment giant’s stock valued at $1,598,989,000 after buying an additional 386,175 shares during the period. Institutional investors and hedge funds own 62.81% of the company’s stock.

NYSE:DIS traded up $1.54 during trading hours on Friday, reaching $118.36. 7,656,247 shares of the company were exchanged, compared to its average volume of 13,656,378. The company has a market capitalization of $211.01 billion, a P/E ratio of 39.57, a P/E/G ratio of 12.78 and a beta of 1.10. Walt Disney Co has a 1-year low of $79.07 and a 1-year high of $153.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89. The business has a 50 day moving average of $116.77 and a 200 day moving average of $120.31.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter in the previous year, the company earned $1.61 earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, equities research analysts anticipate that Walt Disney Co will post 1.46 earnings per share for the current fiscal year.

Several analysts have issued reports on DIS shares. JPMorgan Chase & Co. restated a “buy” rating on shares of Walt Disney in a research note on Friday, May 8th. Cfra decreased their target price on Walt Disney from $160.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 target price on the stock. in a research report on Wednesday, June 17th. Citigroup decreased their target price on Walt Disney from $161.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Imperial Capital reaffirmed a “sell” rating and issued a $105.00 target price on shares of Walt Disney in a research report on Monday, June 22nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $127.36.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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