Cullen Frost Bankers Inc. Acquires 4,057 Shares of The Walt Disney Company (NYSE:DIS)

Cullen Frost Bankers Inc. grew its stake in The Walt Disney Company (NYSE:DIS) by 1.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 228,742 shares of the entertainment giant’s stock after acquiring an additional 4,057 shares during the period. Cullen Frost Bankers Inc.’s holdings in Walt Disney were worth $22,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new position in Walt Disney in the 4th quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after purchasing an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. Boston Partners bought a new position in shares of Walt Disney during the fourth quarter worth approximately $350,707,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Walt Disney by 21.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock worth $1,878,142,000 after purchasing an additional 3,016,339 shares during the period. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Rosenblatt Securities increased their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Wall Street Zen upgraded Walt Disney from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Jefferies Financial Group raised shares of Walt Disney from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Finally, Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $127.35.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $118.90 on Wednesday. The business’s 50 day simple moving average is $115.99 and its 200 day simple moving average is $106.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a market capitalization of $213.75 billion, a PE ratio of 24.31, a PEG ratio of 1.75 and a beta of 1.56.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.