Elo Mutual Pension Insurance Co Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Elo Mutual Pension Insurance Co reduced its position in The Walt Disney Company (NYSE:DIS) by 1.5% in the second quarter, Holdings Channel.com reports. The fund owned 165,011 shares of the entertainment giant’s stock after selling 2,523 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Walt Disney were worth $16,384,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its stake in Walt Disney by 5.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 139,002 shares of the entertainment giant’s stock valued at $12,707,000 after buying an additional 7,718 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Walt Disney by 6.9% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 67,092 shares of the entertainment giant’s stock worth $6,662,000 after purchasing an additional 4,349 shares in the last quarter. Argent Trust Co increased its stake in shares of Walt Disney by 1.1% in the 2nd quarter. Argent Trust Co now owns 65,523 shares of the entertainment giant’s stock worth $6,506,000 after purchasing an additional 712 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its stake in shares of Walt Disney by 11.1% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 79,086 shares of the entertainment giant’s stock worth $7,852,000 after purchasing an additional 7,877 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Walt Disney by 1.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 356,820 shares of the entertainment giant’s stock worth $35,429,000 after purchasing an additional 4,256 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DIS. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Bank of America reduced their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reduced their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group dropped their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Moffett Nathanson dropped their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Insider Buying and Selling

In related news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Up 1.1 %

Shares of NYSE:DIS opened at $92.89 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a market cap of $169.34 billion, a price-to-earnings ratio of 100.97, a PEG ratio of 1.31 and a beta of 1.40. The company has a 50-day moving average price of $90.86 and a 200 day moving average price of $102.22.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

About Walt Disney

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.