Nissay Asset Management Corp Japan ADV Has $59.49 Million Stake in The Walt Disney Company (NYSE:DIS)

Nissay Asset Management Corp Japan ADV grew its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 80.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 533,328 shares of the entertainment giant's stock after purchasing an additional 238,211 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Walt Disney were worth $59,493,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Salem Investment Counselors Inc. grew its stake in shares of Walt Disney by 6.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 13,801 shares of the entertainment giant's stock valued at $1,542,000 after acquiring an additional 778 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Walt Disney in the fourth quarter valued at about $49,000. Courier Capital LLC grew its stake in shares of Walt Disney by 0.9% in the fourth quarter. Courier Capital LLC now owns 46,064 shares of the entertainment giant's stock valued at $5,129,000 after acquiring an additional 401 shares in the last quarter. Signet Financial Management LLC grew its stake in shares of Walt Disney by 40.2% in the fourth quarter. Signet Financial Management LLC now owns 2,965 shares of the entertainment giant's stock valued at $330,000 after acquiring an additional 850 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in Walt Disney by 19.0% during the fourth quarter. AdvisorNet Financial Inc now owns 6,426 shares of the entertainment giant's stock worth $716,000 after buying an additional 1,024 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.9%

NYSE DIS traded up $1.04 during trading hours on Friday, reaching $113.26. The company's stock had a trading volume of 10,940,148 shares, compared to its average volume of 10,040,099. The firm has a fifty day simple moving average of $94.62 and a 200-day simple moving average of $104.72. The stock has a market cap of $203.62 billion, a P/E ratio of 36.89, 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 debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

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

Insiders Place Their Bets

In other Walt Disney 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 completion of the transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DIS. Barclays increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Rosenblatt Securities reiterated a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $123.54.

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.