Northwestern Mutual Wealth Management Co. Increases Stock Holdings in The Walt Disney Company $DIS

Key Points

• Northwestern Mutual Wealth Management Co. has increased its holdings in The Walt Disney Company by 2.4%, now owning 269,019 shares valued at $26.55 million.
• Multiple large investors, including Vanguard Group and Northern Trust Corp, have also increased their stakes in Disney, showcasing a positive institutional confidence in the stock.
• Analysts have varied opinions on Disney's stock, with a general consensus rating of "Moderate Buy" and an average target price of $131.18.

Northwestern Mutual Wealth Management Co. increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,019 shares of the entertainment giant's stock after buying an additional 6,376 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Walt Disney were worth $26,552,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DIS. Vanguard Group Inc. grew its position in shares of Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Northern Trust Corp lifted its stake in Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Walt Disney by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 buying an additional 3,016,339 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Walt Disney by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 14,178,295 shares of the entertainment giant's stock worth $1,399,399,000 after acquiring an additional 613,414 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, August 7th. Finally, Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Price Performance

DIS opened at $118.6640 on Monday. The company's 50 day simple moving average is $119.22 and its 200 day simple moving average is $108.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a market capitalization of $213.35 billion, a PE ratio of 18.60, a P/E/G ratio of 1.72 and a beta of 1.56.

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

About Walt Disney

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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