Nomura Asset Management Co. Ltd. Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Nomura Asset Management Co. Ltd. reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,112 shares of the entertainment giant’s stock after selling 5,535 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Walt Disney were worth $72,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Broadway Wealth Solutions Inc. purchased a new stake in Walt Disney in the 4th quarter worth $333,000. New Age Alpha Advisors LLC lifted its position in shares of Walt Disney by 30,487.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 25,999 shares of the entertainment giant’s stock worth $2,895,000 after buying an additional 25,914 shares in the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new position in Walt Disney during the fourth quarter valued at approximately $12,248,000. Providence Capital Advisors LLC grew its holdings in Walt Disney by 0.8% during the 4th quarter. Providence Capital Advisors LLC now owns 63,039 shares of the entertainment giant’s stock valued at $7,019,000 after buying an additional 526 shares in the last quarter. Finally, Norges Bank bought a new stake in Walt Disney in the 4th quarter worth approximately $2,415,427,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DIS. Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Finally, The Goldman Sachs Group boosted their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Price Performance

DIS opened at $100.45 on Friday. The company has a market capitalization of $181.59 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.80 and a beta of 1.41. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business’s fifty day simple moving average is $107.49 and its 200-day simple moving average is $105.01.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. On average, equities research analysts anticipate 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.