Norinchukin Bank The Boosts Holdings in The Walt Disney Company $DIS

Key Points

• Norinchukin Bank increased its holdings in The Walt Disney Company by 13.7%, acquiring a total of 103,620 shares worth approximately $10.2 million.
• Walt Disney's latest earnings report revealed an EPS of $1.61, surpassing forecasts, while revenue reached $23.65 billion, reflecting a 2.1% year-over-year increase.
• Analysts have a consensus rating of "Moderate Buy" for Walt Disney, with a target price averaging $131.18.

Norinchukin Bank The raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,620 shares of the entertainment giant's stock after acquiring an additional 12,512 shares during the quarter. Norinchukin Bank The's holdings in Walt Disney were worth $10,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Clearstead Trust LLC raised its stake in shares of Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after buying an additional 99 shares during the period. Hemington Wealth Management increased its holdings in Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after acquiring an additional 105 shares in the last quarter. Allegheny Financial Group raised its stake in Walt Disney by 2.3% during the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after acquiring an additional 106 shares during the period. Leigh Baldwin & CO. LLC boosted its position in shares of Walt Disney by 2.2% in the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock worth $493,000 after purchasing an additional 108 shares during the period. Finally, Resonant Capital Advisors LLC increased its stake in shares of Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. JPMorgan Chase & Co. boosted their price objective on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Rosenblatt Securities upped their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $116.9360 on Thursday. The firm has a fifty day simple moving average of $119.25 and a two-hundred day simple moving average of $108.20. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $210.24 billion, a P/E ratio of 18.33, a PEG ratio of 1.68 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 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 firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the firm earned $1.39 EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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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