Meiji Yasuda Life Insurance Co Has $7.09 Million Stock Position in The Walt Disney Company $DIS

Key Points

• Meiji Yasuda Life Insurance Co has reduced its stake in The Walt Disney Company by 13.2%, now holding 71,811 shares valued at approximately $7.09 million.
• Multiple hedge funds have increased their investments in Walt Disney, with notable actions including Nuveen LLC purchasing a new stake worth $1.35 billion and Diamond Hill Capital Management raising its holdings by 1,080.7%.
• Walt Disney reported better-than-expected earnings of $1.61 per share for the recent quarter, surpassing analysts' estimates, while revenue increased by 2.1% year-over-year.

Meiji Yasuda Life Insurance Co lessened its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,811 shares of the entertainment giant's stock after selling 10,879 shares during the quarter. Meiji Yasuda Life Insurance Co's holdings in Walt Disney were worth $7,088,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Nuveen LLC purchased a new stake in shares of Walt Disney during the first quarter worth $1,353,607,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Walt Disney by 21.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after acquiring an additional 3,016,339 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after acquiring an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Walt Disney by 10,567.3% during the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock worth $241,884,000 after acquiring an additional 2,427,728 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $117.93 on Monday. 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 capitalization of $212.03 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.71 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $119.01 and a 200 day simple moving average of $108.77.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities upped their price target on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. UBS Group upped their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Evercore ISI upped their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $131.18.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.