Nippon Life Global Investors Americas Inc. Takes Position in The Walt Disney Company (NYSE:DIS)

Nippon Life Global Investors Americas Inc. purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 288,860 shares of the entertainment giant's stock, valued at approximately $32,288,000. Walt Disney accounts for approximately 1.5% of Nippon Life Global Investors Americas Inc.'s portfolio, making the stock its 24th biggest position.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in Walt Disney during the fourth quarter worth approximately $2,415,427,000. Arrowstreet Capital Limited Partnership raised its stake in shares of 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. Jennison Associates LLC lifted its position in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Walt Disney in the 4th quarter valued at $358,151,000. Finally, Boston Partners purchased a new stake in Walt Disney in the 4th quarter worth $350,707,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Trading Up 0.2 %

Walt Disney stock traded up $0.22 during midday trading on Friday, reaching $90.23. 7,747,097 shares of the stock traded hands, compared to its average volume of 10,089,253. The firm has a market cap of $163.12 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 12-month low of $80.10 and a 12-month 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 company has a 50-day simple moving average of $97.40 and a two-hundred day simple moving average of $104.10.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday. Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

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.