AQR Capital Management LLC Purchases 510,844 Shares of The Walt Disney Company (NYSE:DIS)

AQR Capital Management LLC grew its position in The Walt Disney Company (NYSE:DIS) by 160.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 829,220 shares of the entertainment giant’s stock after acquiring an additional 510,844 shares during the quarter. AQR Capital Management LLC’s holdings in Walt Disney were worth $82,333,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Affinity Capital Advisors LLC grew its stake in shares of Walt Disney by 5.9% during the second quarter. Affinity Capital Advisors LLC now owns 2,325 shares of the entertainment giant’s stock valued at $231,000 after buying an additional 129 shares during the last quarter. AlTi Global Inc. boosted its holdings in Walt Disney by 5.4% during the 2nd quarter. AlTi Global Inc. now owns 58,608 shares of the entertainment giant’s stock valued at $5,819,000 after acquiring an additional 3,012 shares during the period. Caxton Associates LP grew its position in Walt Disney by 251.2% in the 2nd quarter. Caxton Associates LP now owns 83,888 shares of the entertainment giant’s stock valued at $8,329,000 after acquiring an additional 60,000 shares during the last quarter. Unisphere Establishment grew its position in Walt Disney by 3.8% in the 2nd quarter. Unisphere Establishment now owns 3,013,500 shares of the entertainment giant’s stock valued at $299,210,000 after acquiring an additional 111,500 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Walt Disney in the second quarter worth $378,000. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Up 1.4 %

NYSE:DIS opened at $95.20 on Friday. The company’s 50-day simple moving average is $90.42 and its 200-day simple moving average is $101.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock has a market capitalization of $173.55 billion, a P/E ratio of 103.48, a P/E/G ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIS. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Moffett Nathanson dropped their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Wells Fargo & Company reduced their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Evercore ISI lowered their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Barclays reduced their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Company 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.