Asset Management One Co. Ltd. Increases Stake in The Walt Disney Company (NYSE:DIS)

Asset Management One Co. Ltd. boosted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 843,768 shares of the entertainment giant's stock after purchasing an additional 50,231 shares during the period. Asset Management One Co. Ltd.'s holdings in Walt Disney were worth $83,280,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney in the fourth quarter worth $27,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $32,000. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney in the 4th quarter worth approximately $34,000. Finally, Copia Wealth Management bought a new position in shares of Walt Disney in the 4th quarter worth approximately $36,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research reports. Guggenheim reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company 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 price objective for the company in a research note on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Morgan Stanley upped their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.96.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the firm'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 transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company's stock.

Walt Disney Trading Up 0.7%

Shares of DIS stock traded up $0.88 during trading hours on Wednesday, reaching $119.53. 6,775,191 shares of the stock were exchanged, compared to its average volume of 10,096,533. The firm has a market capitalization of $214.89 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $120.50. The company's 50-day moving average price is $106.03 and its 200-day moving average price is $105.83. 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 issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate 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.