IFM Investors Pty Ltd Buys 31,727 Shares of The Walt Disney Company (NYSE:DIS)

IFM Investors Pty Ltd increased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 367,057 shares of the entertainment giant's stock after purchasing an additional 31,727 shares during the quarter. IFM Investors Pty Ltd's holdings in Walt Disney were worth $35,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DIS. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in 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 valued at $638,699,000 after purchasing an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Walt Disney by 75.8% in 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. Raymond James Financial Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth $358,151,000. Finally, Boston Partners bought a new stake in shares of Walt Disney during the 4th quarter valued at $350,707,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DIS shares. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wolfe Research raised 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. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $144.00 in a report on Monday. Finally, Rosenblatt Securities increased their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $125.83.

Walt Disney Trading Up 0.8%

Shares of NYSE DIS traded up $1.00 during trading hours on Friday, hitting $123.98. 4,252,305 shares of the company traded hands, compared to its average volume of 10,037,800. The stock has a market capitalization of $222.88 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. The company's 50 day moving average price is $111.19 and its 200 day moving average price is $106.29. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. 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 posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the company posted $1.21 EPS. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the firm'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 completion of the sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Walt Disney 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.