Sapient Capital LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 82.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 401,947 shares of the entertainment giant's stock after purchasing an additional 182,082 shares during the period. Walt Disney makes up approximately 0.9% of Sapient Capital LLC's portfolio, making the stock its 22nd biggest holding. Sapient Capital LLC's holdings in Walt Disney were worth $50,052,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $1,353,607,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after acquiring an additional 3,016,339 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the period. Vanguard Group Inc. raised its holdings in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Walt Disney by 10,567.3% during the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock valued at $241,884,000 after acquiring an additional 2,427,728 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on DIS shares. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $131.18.
Walt Disney Price Performance
Shares of NYSE DIS traded up $0.75 during midday trading on Wednesday, reaching $115.98. The stock had a trading volume of 7,320,039 shares, compared to its average volume of 6,118,727. The stock has a 50-day moving average of $117.97 and a 200-day moving average of $109.10. 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 capitalization of $208.52 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.67 and a beta of 1.55. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during 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 company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
