Nikko Asset Management Americas Inc. Has $12.35 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Nikko Asset Management Americas Inc. increased its stake in The Walt Disney Company by 47.5%, acquiring a total of 125,104 shares valued at approximately $12.35 million.
• Walt Disney reported $1.45 EPS for the last quarter, exceeding analysts' expectations of $1.21 EPS and achieving a revenue of $23.62 billion, reflecting a 7.0% year-over-year increase.
• Institutional investors own 65.71% of Walt Disney's stock, with a consensus price target of $128.13 and a majority of analysts rating the stock as a "Moderate Buy."

Nikko Asset Management Americas Inc. grew its position in The Walt Disney Company (NYSE:DIS - Free Report) by 47.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 125,104 shares of the entertainment giant's stock after buying an additional 40,316 shares during the period. Nikko Asset Management Americas Inc.'s holdings in Walt Disney were worth $12,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Planning Directions Inc. acquired a new stake in shares of Walt Disney during the first quarter worth $326,000. Trek Financial LLC grew its stake in shares of Walt Disney by 479.9% during the fourth 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 stake in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after purchasing an additional 6,047 shares during the period. Bank of Stockton grew its stake in shares of Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after purchasing an additional 383 shares during the period. Finally, Rheos Capital Works Inc. grew its stake in shares of Walt Disney by 164.7% during the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after purchasing an additional 246,000 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE:DIS opened at $121.44 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average price is $117.97 and its two-hundred day moving average price is $107.37. The firm has a market capitalization of $218.32 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 1.78 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.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DIS shares. Loop Capital lifted 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. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Barclays boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, UBS Group boosted their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $128.13.

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.

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