Rempart Asset Management Inc. Acquires 1,511 Shares of The Walt Disney Company (NYSE:DIS)

Rempart Asset Management Inc. lifted its holdings in shares of The Walt Disney Company (NYSE:DISFree Report) by 1.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 120,741 shares of the entertainment giant’s stock after purchasing an additional 1,511 shares during the period. Walt Disney accounts for about 2.2% of Rempart Asset Management Inc.’s portfolio, making the stock its 24th largest position. Rempart Asset Management Inc.’s holdings in Walt Disney were worth $10,780,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Morgan Stanley grew its holdings in shares of Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after purchasing an additional 5,499,014 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Walt Disney by 2.1% during the first quarter. Geode Capital Management LLC now owns 32,495,462 shares of the entertainment giant’s stock valued at $3,245,185,000 after acquiring an additional 671,806 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Walt Disney by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock valued at $2,358,578,000 after acquiring an additional 3,023,997 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after acquiring an additional 23,644,765 shares during the period. Finally, Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter valued at $1,433,075,000. Institutional investors own 61.17% of the company’s stock.

Walt Disney Stock Up 0.0 %

NYSE:DIS opened at $85.60 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The company has a market cap of $156.63 billion, a PE ratio of 69.58, a PEG ratio of 1.68 and a beta of 1.28. The Walt Disney Company has a 52-week low of $79.75 and a 52-week high of $118.18. The stock has a 50-day simple moving average of $85.78 and a 200 day simple moving average of $91.59.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $22.33 billion during the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. Walt Disney’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. On average, sell-side analysts expect that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DIS. Morgan Stanley cut their target price on Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 26th. Raymond James began coverage on Walt Disney in a research note on Monday. They issued an “outperform” rating and a $97.00 target price on the stock. KeyCorp cut their target price on Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 25th. Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Finally, Barclays cut their target price on Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.58.

Get Our Latest Stock Analysis on DIS

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now directly owns 961 shares in the company, valued at $85,577.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Profile

(Free Report)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

See Also

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

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