Norinchukin Bank The Sells 193,368 Shares of The Walt Disney Company (NYSE:DIS)

Norinchukin Bank The lessened its position in The Walt Disney Company (NYSE:DIS - Free Report) by 68.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 91,108 shares of the entertainment giant's stock after selling 193,368 shares during the period. Norinchukin Bank The's holdings in Walt Disney were worth $10,145,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after buying an additional 809,989 shares during the last quarter. Norges Bank purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $2,415,427,000. Jennison Associates LLC grew its holdings in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock valued at $1,904,563,000 after acquiring an additional 2,300,912 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted 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 acquiring an additional 4,680,930 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Citigroup reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Rosenblatt Securities restated a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Price Performance

Shares of DIS stock traded up $1.57 on Wednesday, reaching $87.66. The company's stock had a trading volume of 7,588,549 shares, compared to its average volume of 10,051,923. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The stock's 50 day simple moving average is $98.26 and its 200-day simple moving average is $104.32. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $158.47 billion, a P/E ratio of 28.55, a PEG ratio of 1.80 and a beta of 1.44.

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

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.