Epoch Investment Partners Inc. Increases Holdings in The Walt Disney Company (NYSE:DIS)

Epoch Investment Partners Inc. grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 504,278 shares of the entertainment giant’s stock after buying an additional 47,313 shares during the period. Epoch Investment Partners Inc.’s holdings in The Walt Disney were worth $88,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. FORA Capital LLC purchased a new stake in The Walt Disney during the 1st quarter worth about $28,000. Penserra Capital Management LLC purchased a new stake in The Walt Disney during the 2nd quarter worth about $29,000. Johnson Midwest Financial LLC lifted its holdings in The Walt Disney by 142.9% during the 2nd quarter. Johnson Midwest Financial LLC now owns 170 shares of the entertainment giant’s stock worth $30,000 after buying an additional 100 shares during the last quarter. FFT Wealth Management LLC purchased a new stake in The Walt Disney during the 2nd quarter worth about $37,000. Finally, Financial Insights Inc. purchased a new stake in The Walt Disney during the 2nd quarter worth about $37,000. 64.10% of the stock is owned by institutional investors.

DIS has been the subject of several research reports. UBS Group boosted their target price on The Walt Disney from $215.00 to $220.00 and gave the company a “buy” rating in a report on Friday, August 13th. Royal Bank of Canada boosted their target price on The Walt Disney from $202.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, August 13th. Evercore ISI reissued a “buy” rating and issued a $210.00 target price on shares of The Walt Disney in a report on Wednesday, September 22nd. Daiwa Capital Markets initiated coverage on The Walt Disney in a report on Tuesday, September 21st. They issued a “buy” rating and a $225.00 target price for the company. Finally, Barclays boosted their target price on The Walt Disney from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 13th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $209.08.

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $186.57, for a total transaction of $1,492,560.00. Following the transaction, the executive vice president now owns 42,620 shares in the company, valued at $7,951,613.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert A. Chapek sold 10,587 shares of The Walt Disney stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total transaction of $1,926,834.00. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

NYSE DIS traded up $1.87 on Thursday, hitting $174.83. 132,615 shares of the company’s stock were exchanged, compared to its average volume of 9,481,632. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.24 and a quick ratio of 1.19. The firm’s 50-day moving average price is $178.12 and its two-hundred day moving average price is $178.97. The Walt Disney Company has a fifty-two week low of $117.23 and a fifty-two week high of $203.02. The firm has a market cap of $317.69 billion, a price-to-earnings ratio of 283.54, a P/E/G ratio of 3.50 and a beta of 1.19.

The Walt Disney (NYSE:DIS) last released its earnings results on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.23. The Walt Disney had a return on equity of 3.78% and a net margin of 1.77%. The company had revenue of $17.02 billion for the quarter, compared to analysts’ expectations of $16.82 billion. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, research analysts predict that The Walt Disney Company will post 2.45 earnings per share for the current fiscal year.

About The Walt Disney

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

Further Reading: Dual Listing What You Need to Know

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

Receive News & Ratings for The Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.