The Walt Disney Company $DIS Stock Position Lifted by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS grew its position in shares of The Walt Disney Company (NYSE:DIS) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,835 shares of the entertainment giant’s stock after buying an additional 252 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Walt Disney were worth $2,832,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney in the 2nd quarter worth approximately $4,220,599,000. Nuveen LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $1,353,607,000. Diamond Hill Capital Management Inc. lifted its holdings in shares of Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Walt Disney by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent research reports. Barclays raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price target on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. UBS Group lifted their target price on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Friday. Finally, Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Down 1.2%

Shares of Walt Disney stock opened at $111.64 on Friday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market capitalization of $200.72 billion, a P/E ratio of 17.50, a PEG ratio of 1.46 and a beta of 1.54. The business’s fifty day moving average price is $114.64 and its two-hundred day moving average price is $111.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the firm earned $1.39 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.