Allianz SE Has $18.72 Million Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Allianz SE has reduced its stake in The Walt Disney Company by 1.3%, selling 2,528 shares, and currently holds 189,676 shares valued at approximately $18.7 million.
• Recent trading activity shows that institutional investors own 65.71% of Walt Disney's stock, with several firms increasing their stakes in the company.
• According to various analysts, Walt Disney has received multiple buy ratings and price target increases, with the average target price now set at $128.70.

Allianz SE lowered its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,676 shares of the entertainment giant's stock after selling 2,528 shares during the quarter. Allianz SE's holdings in Walt Disney were worth $18,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DIS. J. Safra Sarasin Holding AG increased its position in Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after purchasing an additional 16,781 shares during the period. Planning Directions Inc. acquired a new position in Walt Disney during the 1st quarter worth approximately $326,000. Trek Financial LLC increased its position in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after purchasing an additional 30,057 shares during the period. WoodTrust Financial Corp grew its holdings in shares of Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after acquiring an additional 6,047 shares during the period. Finally, Bank of Stockton grew its holdings in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after acquiring an additional 383 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

Shares of DIS traded down $2.54 during midday trading on Friday, reaching $116.57. The stock had a trading volume of 8,509,376 shares, compared to its average volume of 7,022,347. The firm has a 50 day simple moving average of $118.76 and a 200-day simple moving average of $107.73. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market cap of $209.56 billion, a PE ratio of 23.84, a P/E/G ratio of 1.71 and a beta of 1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on DIS. Rosenblatt Securities increased their target price on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. increased their price target on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Guggenheim increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.70.

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.