The Walt Disney Company $DIS Shares Purchased by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. increased its stake in The Walt Disney Company by 6.2%, owning 1,758,280 shares valued at approximately $160.7 million as of the latest reporting period.
• Walt Disney reported earnings of $1.61 per share for the last quarter, surpassing analysts' expectations, with a revenue of $23.65 billion, a slight decline from estimates.
• Wall Street analysts have set a consensus target price of $131.18 for Disney shares, with the stock being rated as a "Moderate Buy" by several brokerages.

APG Asset Management N.V. boosted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,758,280 shares of the entertainment giant's stock after acquiring an additional 103,187 shares during the period. APG Asset Management N.V. owned 0.10% of Walt Disney worth $160,658,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney in the first quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the fourth quarter valued at $27,000. Kessler Investment Group LLC raised its holdings in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Copia Wealth Management acquired a new stake in Walt Disney in the fourth quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Walt Disney in the fourth quarter valued at $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS opened at $118.6640 on Friday. The firm has a 50-day moving average price of $119.22 and a 200 day moving average price of $108.25. The firm has a market capitalization of $213.35 billion, a PE ratio of 18.60, a P/E/G ratio of 1.68 and a beta of 1.56. 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 Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results 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. 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 was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DIS. JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, August 7th. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $131.18.

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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