Titleist Asset Management LLC Acquires New Stake in The Walt Disney Company (NYSE:DIS)

Titleist Asset Management LLC bought a new position in The Walt Disney Company (NYSE:DIS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,755 shares of the entertainment giant’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Markel Corp grew its stake in shares of Walt Disney by 2.3% in the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after purchasing an additional 42,500 shares during the last quarter. Fairfield Bush & CO. grew its position in Walt Disney by 3.4% in the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after buying an additional 320 shares during the last quarter. United Bank increased its holdings in shares of Walt Disney by 8.7% in the first quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after buying an additional 794 shares in the last quarter. AMI Investment Management Inc. lifted its position in shares of Walt Disney by 4.6% during the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after acquiring an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Walt Disney by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after acquiring an additional 4,722 shares in the last quarter. 61.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares of the company’s stock, valued at approximately $85,577.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. KeyCorp reduced their target price on Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, May 25th. Wells Fargo & Company decreased their target price on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, September 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Rosenblatt Securities raised their price objective on shares of Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Citigroup reduced their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.35.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $83.48 on Thursday. The stock has a market capitalization of $152.75 billion, a P/E ratio of 67.87, a P/E/G ratio of 1.62 and a beta of 1.28. The business has a 50-day moving average of $86.05 and a two-hundred day moving average of $91.91. The Walt Disney Company has a fifty-two week low of $79.75 and a fifty-two week high of $118.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00.

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

Walt Disney Company Profile

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.