Principal Financial Group Inc. Has $198.05 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Principal Financial Group Inc. trimmed its position in The Walt Disney Company (NYSE:DIS) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,058,923 shares of the entertainment giant’s stock after selling 144,890 shares during the quarter. Principal Financial Group Inc.’s holdings in Walt Disney were worth $198,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Montecito Bank & Trust grew its position in shares of Walt Disney by 34.8% during the 3rd quarter. Montecito Bank & Trust now owns 24,197 shares of the entertainment giant’s stock worth $2,328,000 after buying an additional 6,247 shares during the period. Woodmont Investment Counsel LLC raised its position in shares of Walt Disney by 6.5% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 12,380 shares of the entertainment giant’s stock valued at $1,191,000 after acquiring an additional 754 shares during the last quarter. Cozad Asset Management Inc. lifted its stake in shares of Walt Disney by 1.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after purchasing an additional 110 shares during the period. WoodTrust Financial Corp boosted its position in shares of Walt Disney by 10.7% in the 3rd quarter. WoodTrust Financial Corp now owns 92,261 shares of the entertainment giant’s stock worth $8,875,000 after purchasing an additional 8,947 shares during the last quarter. Finally, Vickerman Investment Advisors Inc. grew its stake in shares of Walt Disney by 1.8% during the third quarter. Vickerman Investment Advisors Inc. now owns 29,971 shares of the entertainment giant’s stock worth $2,883,000 after purchasing an additional 537 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

NYSE DIS opened at $98.94 on Friday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm’s 50 day moving average is $93.54 and its 200-day moving average is $97.12. The company has a market capitalization of $179.44 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business earned $1.03 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of several analyst reports. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Macquarie lowered their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

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.