Bank of New York Mellon Corp Has $2.03 Billion Holdings in The Walt Disney Company $DIS

Bank of New York Mellon Corp cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,339,664 shares of the entertainment giant’s stock after selling 1,481,697 shares during the quarter. Bank of New York Mellon Corp owned 0.91% of Walt Disney worth $2,026,282,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DIS. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney during the 2nd quarter worth $4,220,599,000. Nuveen LLC bought a new position in Walt Disney in the first quarter valued at about $1,353,607,000. Diamond Hill Capital Management Inc. lifted its holdings in shares of Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Walt Disney by 9.4% during the 2nd quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after purchasing an additional 1,774,772 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.8%

Walt Disney stock opened at $112.70 on Monday. The firm has a 50 day simple moving average of $114.12 and a 200 day simple moving average of $113.09. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization of $202.63 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. On average, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

DIS has been the topic of a number of research reports. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities reiterated a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Morgan Stanley upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

About Walt Disney

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.