Toroso Investments LLC Grows Stock Holdings in Walt Disney Co (NYSE:DIS)

Toroso Investments LLC raised its position in shares of Walt Disney Co (NYSE:DIS) by 14.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,103 shares of the entertainment giant’s stock after buying an additional 513 shares during the quarter. Toroso Investments LLC’s holdings in Walt Disney were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $2,572,048,000. Fisher Asset Management LLC raised its position in shares of Walt Disney by 5,464.7% in the 1st quarter. Fisher Asset Management LLC now owns 4,504,570 shares of the entertainment giant’s stock valued at $435,141,000 after purchasing an additional 4,423,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Walt Disney by 782.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,724,769 shares of the entertainment giant’s stock valued at $391,758,000 after purchasing an additional 2,416,143 shares during the last quarter. M&G Investment Management Ltd. purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $194,314,000. Finally, Swiss National Bank raised its position in shares of Walt Disney by 23.1% in the 1st quarter. Swiss National Bank now owns 6,995,071 shares of the entertainment giant’s stock valued at $675,724,000 after purchasing an additional 1,314,800 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Walt Disney stock opened at $118.02 on Friday. The company’s fifty day moving average price is $104.80 and its 200 day moving average price is $127.09. Walt Disney Co has a 1 year low of $79.07 and a 1 year high of $153.41. The stock has a market capitalization of $212.83 billion, a P/E ratio of 39.87, a P/E/G ratio of 11.04 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The company had revenue of $18.01 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same period in the prior year, the business posted $1.61 EPS. Walt Disney’s revenue was up 20.7% compared to the same quarter last year. Sell-side analysts predict that Walt Disney Co will post 2.09 EPS for the current year.

Several brokerages recently commented on DIS. Credit Suisse Group lowered shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price objective for the company. in a research report on Monday, April 20th. Cowen raised their price target on shares of Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Citigroup reduced their price target on shares of Walt Disney from $161.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. UBS Group set a $114.00 price target on shares of Walt Disney and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets reduced their price target on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $126.58.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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