Nippon Life Global Investors Americas Inc. increased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,980 shares of the entertainment giant's stock after acquiring an additional 20,120 shares during the period. Walt Disney makes up approximately 1.5% of Nippon Life Global Investors Americas Inc.'s investment portfolio, making the stock its 22nd biggest position. Nippon Life Global Investors Americas Inc.'s holdings in Walt Disney were worth $30,496,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. J. Safra Sarasin Holding AG boosted its holdings in shares of Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares during the period. Planning Directions Inc. acquired a new position in shares of Walt Disney during the first quarter worth $326,000. WoodTrust Financial Corp grew its holdings 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 valued at $9,491,000 after buying an additional 6,047 shares during the last quarter. Bank of Stockton grew its holdings 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 valued at $897,000 after buying an additional 383 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in shares of Walt Disney during the first quarter valued at $24,373,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Analyst Ratings Changes
DIS has been the topic of several recent research reports. Evercore ISI upped their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Morgan Stanley raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Citigroup lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $131.18.
View Our Latest Stock Report on DIS
Walt Disney Stock Up 0.7%
Shares of Walt Disney stock traded up $0.86 during trading on Monday, hitting $118.77. 6,121,261 shares of the stock were exchanged, compared to its average volume of 9,486,417. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market cap of $213.54 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm's 50-day moving average price is $119.01 and its 200 day moving average price is $108.77.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 firm had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the company earned $1.39 earnings per share. Walt Disney's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Walt Disney Profile
(
Free Report)
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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