Tevis Investment Management Acquires 5,374 Shares of The Walt Disney Company $DIS

Tevis Investment Management boosted its holdings in The Walt Disney Company (NYSE:DIS) by 24.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 27,457 shares of the entertainment giant’s stock after purchasing an additional 5,374 shares during the quarter. Walt Disney accounts for 2.2% of Tevis Investment Management’s investment portfolio, making the stock its 12th biggest holding. Tevis Investment Management’s holdings in Walt Disney were worth $3,419,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Walt Disney by 1.6% in 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 in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the 2nd quarter valued at about $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 valued at $1,826,930,000 after acquiring an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock worth $1,758,968,000 after buying an additional 717,066 shares in the last quarter. Finally, Amundi lifted its position in shares of Walt Disney by 11.4% during the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock worth $1,468,873,000 after buying an additional 1,520,513 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.5%

NYSE:DIS opened at $112.28 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $201.87 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The firm’s 50 day moving average is $114.56 and its 200 day moving average is $112.13. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for 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%. Walt Disney’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on DIS. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Barclays lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. UBS Group lifted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Rosenblatt Securities reissued a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Finally, Morgan Stanley lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney 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.