ASR Vermogensbeheer N.V. Takes $23.57 Million Position in The Walt Disney Company (NYSE:DIS)

Key Points

• ASR Vermogensbeheer N.V. acquired 238,824 shares of The Walt Disney Company, valued at approximately $23.57 million, during the first quarter.
• Several large investors, including DZ BANK AG and Vanguard Group Inc., have significantly increased their holdings in Disney, indicating strong institutional interest.
• Walt Disney reported an EPS of $1.45 for the last quarter, surpassing analysts' expectations and signaling a year-over-year revenue growth of 7%.

ASR Vermogensbeheer N.V. bought a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 238,824 shares of the entertainment giant's stock, valued at approximately $23,571,000.

Other institutional investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the first quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the 4th quarter worth $27,000. Kessler Investment Group LLC boosted its stake in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the last quarter. Copia Wealth Management bought a new stake in shares of Walt Disney in the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on 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 directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DIS has been the topic of several research reports. Barclays raised their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Morgan Stanley upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.83.

Walt Disney Price Performance

NYSE DIS traded down $2.28 on Thursday, reaching $112.89. The company had a trading volume of 15,471,053 shares, compared to its average volume of 8,322,005. The stock has a market capitalization of $202.94 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm's 50 day moving average price is $119.18 and its 200 day moving average price is $107.98.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the business posted $1.39 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.