Nippon Life Global Investors Americas Inc. Purchases 20,120 Shares of The Walt Disney Company $DIS

Nippon Life Global Investors Americas Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,980 shares of the entertainment giant’s stock after acquiring an additional 20,120 shares during the quarter. Walt Disney comprises about 1.5% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 22nd largest position. Nippon Life Global Investors Americas Inc.’s holdings in Walt Disney were worth $30,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Walt Disney in the 1st quarter valued at about $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Walt Disney by 1,900.0% during the fourth 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Walt Disney by 21.8% in 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 valued at $1,878,142,000 after buying an additional 3,016,339 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 1.2%

Walt Disney stock opened at $118.82 on Friday. The company has a 50 day moving average of $119.10 and a 200-day moving average of $108.74. 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 twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market capitalization of $213.63 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.70 and a beta of 1.55.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 EPS. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIS. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday. Citigroup increased their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Barclays lifted their price objective 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. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney 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.