Nisa Investment Advisors LLC Purchases 127,859 Shares of The Walt Disney Company (NYSE:DIS)

Nisa Investment Advisors LLC lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 22.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 704,887 shares of the entertainment giant's stock after buying an additional 127,859 shares during the period. Nisa Investment Advisors LLC's holdings in Walt Disney were worth $67,803,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased its holdings in Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant's stock worth $244,754,000 after purchasing an additional 916,772 shares in the last quarter. Jennison Associates LLC bought a new position in Walt Disney during the 1st quarter worth about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant's stock worth $68,113,000 after purchasing an additional 22,568 shares in the last quarter. Nordea Investment Management AB increased its holdings in Walt Disney by 555.9% during the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant's stock worth $117,599,000 after purchasing an additional 810,923 shares in the last quarter. Finally, PGGM Investments bought a new position in Walt Disney during the 1st quarter worth about $1,036,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DIS. Morgan Stanley decreased their price objective on Walt Disney from $130.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Wells Fargo & Company decreased their price objective on Walt Disney from $136.00 to $116.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Bank of America decreased their price objective on Walt Disney from $145.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $118.05.

Walt Disney Stock Performance

DIS stock traded up $1.17 during mid-day trading on Monday, hitting $96.20. 7,859,833 shares of the company were exchanged, compared to its average volume of 10,851,395. The business has a 50 day simple moving average of $92.61 and a 200-day simple moving average of $97.99. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $175.38 billion, a PE ratio of 104.57, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 1-year low of $79.53 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to analysts' expectations of $23.08 billion. During the same period last year, the firm earned $1.03 earnings per share. The business's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company's stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

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.