Aries Wealth Management grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 1.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,851 shares of the entertainment giant’s stock after acquiring an additional 112 shares during the quarter. Aries Wealth Management’s holdings in Walt Disney were worth $875,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DIS. State Street Corp increased its stake in shares of Walt Disney by 0.8% in the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after buying an additional 565,404 shares during the period. Morgan Stanley increased its stake in shares of Walt Disney by 16.7% in the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock worth $2,653,710,000 after buying an additional 3,939,992 shares during the period. Geode Capital Management LLC increased its stake in shares of Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock worth $3,748,495,000 after buying an additional 548,830 shares during the period. Norges Bank purchased a new position in shares of Walt Disney in the fourth quarter worth $2,572,048,000. Finally, Nuveen Asset Management LLC increased its position in Walt Disney by 2.4% during the 1st quarter. Nuveen Asset Management LLC now owns 16,552,686 shares of the entertainment giant’s stock valued at $1,598,989,000 after purchasing an additional 386,175 shares during the period. 62.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on DIS shares. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price objective on the stock. in a research report on Wednesday, June 17th. Guggenheim lifted their target price on shares of Walt Disney from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday. SunTrust Banks boosted their price objective on shares of Walt Disney from $110.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. UBS Group restated a “hold” rating and issued a $126.00 price objective on shares of Walt Disney in a report on Thursday, June 25th. Finally, Argus decreased their price objective on shares of Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, March 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Walt Disney presently has an average rating of “Hold” and an average price target of $127.36.

DIS opened at $116.82 on Friday. The business has a fifty day moving average of $116.77 and a 200 day moving average of $120.31. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. The stock has a market cap of $211.01 billion, a P/E ratio of 39.47, a PEG ratio of 12.78 and a beta of 1.10.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter in the previous year, the firm earned $1.61 EPS. Walt Disney’s revenue was up 20.7% compared to the same quarter last year. Equities analysts anticipate that Walt Disney Co will post 1.46 EPS for the current fiscal year.

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.

Featured Article: Consumer behavior in bull markets

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.