Zurich Insurance Group Ltd FI Acquires Shares of 404,646 The Walt Disney Company (NYSE:DIS)

Zurich Insurance Group Ltd FI bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 404,646 shares of the entertainment giant's stock, valued at approximately $45,057,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Victrix Investment Advisors purchased a new stake in Walt Disney in the fourth quarter valued at approximately $2,593,000. Vident Advisory LLC lifted its position in Walt Disney by 9.5% during the fourth quarter. Vident Advisory LLC now owns 9,263 shares of the entertainment giant's stock valued at $1,032,000 after buying an additional 801 shares in the last quarter. Vivaldi Capital Management LP lifted its position in Walt Disney by 4.7% during the fourth quarter. Vivaldi Capital Management LP now owns 4,272 shares of the entertainment giant's stock valued at $484,000 after buying an additional 191 shares in the last quarter. Waters Parkerson & CO. LLC lifted its position in Walt Disney by 1.1% during the fourth quarter. Waters Parkerson & CO. LLC now owns 242,318 shares of the entertainment giant's stock valued at $26,982,000 after buying an additional 2,724 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in Walt Disney by 26,324.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 675,925 shares of the entertainment giant's stock valued at $75,264,000 after buying an additional 673,367 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Walt Disney Trading Down 1.3%

DIS stock traded down $1.40 during mid-day trading on Friday, reaching $109.73. 8,084,016 shares of the stock traded hands, compared to its average volume of 10,042,698. The company has a market cap of $197.27 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average is $95.89 and its 200-day moving average is $105.25.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. UBS Group lifted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.54.

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.