Achmea Investment Management B.V. Has $8.61 Million Stake in The Walt Disney Company (NYSE:DIS)

Achmea Investment Management B.V. lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 42.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,237 shares of the entertainment giant’s stock after acquiring an additional 26,002 shares during the quarter. Achmea Investment Management B.V.’s holdings in Walt Disney were worth $8,610,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DIS. Norges Bank acquired a new stake in shares of Walt Disney during the 4th quarter valued at $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after buying an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the period. Raymond James Financial Inc. acquired a new position in Walt Disney during the 4th quarter worth about $358,151,000. Finally, Boston Partners acquired a new position in Walt Disney during the 4th quarter worth about $350,707,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DIS shares. Rosenblatt Securities lifted their target price on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Barclays lifted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, UBS Group lifted their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.79.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $122.39 on Friday. The Walt Disney Company has a one year low of $80.10 and a one year high of $122.94. The firm has a market capitalization of $220.02 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.78 and a beta of 1.54. The business has a 50-day simple moving average of $108.25 and a 200 day simple moving average of $106.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the company posted $1.21 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was 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. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

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.