The Vanguard Group, Inc. recently announced the acquisition of new stake in Walt Disney Co (NYSE:DIS). The institutional investor has increased its shareholding in the Communication Services company by 0.63% to 142.33 million shares with purchase of 0.89 million shares. This fresh investment now brings its stake to 7.78% valued currently at $12.85 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.51 million to 76.49 million shares. And Geode Capital Management LLC has lifted its position by 2.07% or 0.69 million shares – to 33.94 million shares.
Currently, there are 1.83B common shares owned by the public and among those 1.83B shares have been available to trade.
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Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 41,916 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 8,906 shares.
The top 3 mutual fund holders in Walt Disney Co are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR S&P 500 ETF Trust. Vanguard Total Stock Market ETF owns 57.45 million shares of the company’s stock, all valued at over $5.19 billion. The company bought an additional 0.11 million shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard 500 Index Fund bought 85672.0 shares to see its total holdings expand to 44.68 million shares valued at over $4.03 billion and representing 2.44% of the shares outstanding. SPDR S&P 500 ETF Trust sold -0.12 million shares to bring its total holdings to over 22.39 million shares at a value of $2.02 billion. SPDR S&P 500 ETF Trust now owns shares totaling to 1.22% of the shares outstanding.
The company’s stock has a 5-day price change of 4.04% and 9.90% over the past three months. DIS shares are trading 3.07% year to date (YTD), with the 12-month market performance down to -6.04% lower. It has a 12-month low price of $78.73 and touched a high of $118.18 over the same period. DIS has an average intraday trading volume of 12.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.26%, 1.67%, and 3.99% respectively.
Institutional ownership of Walt Disney Co (NYSE: DIS) shares accounts for 64.34% of the company’s 1.83B shares outstanding. Mutual fund holders own 34.89%, while other institutional holders and individual stakeholders account for 8.51% and 30.08% respectively.
It has a market capitalization of $170.63B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 72.32, while the earnings-per-share (ttm) stands at $1.29. The company has a PEG of 4.33 and a Quick Ratio of 0.89 with the debt-to-equity ratio at 0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.78% over the week and 1.79% over the month.
Analysts forecast that Walt Disney Co (DIS) will achieve an EPS of $1 for the current quarter, $1.01 for the next quarter and $5.21 for 2025. The lowest estimate earnings-per-share for the quarter is $0.89 while analysts give the company a high EPS estimate of $1.11. Comparatively, EPS for the current quarter was $0.99 a year ago. Earnings per share for the fiscal year are expected to increase by 14.60%, and 21.69% over the next financial year. EPS should grow at an annualized rate of 16.72% over the next five years, compared to -31.23% over the past 5-year period.
Looking at the support for the DIS, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on October 16, 2023, with the firm’s price target at $122-$110.
