APG Asset Management N.V. Buys 1,426,750 Shares of The Walt Disney Company (NYSE:DIS)

APG Asset Management N.V. raised its position in shares of The Walt Disney Company (NYSE:DIS) by 624.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,655,093 shares of the entertainment giant’s stock after purchasing an additional 1,426,750 shares during the period. APG Asset Management N.V. owned 0.09% of Walt Disney worth $177,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. United Bank increased its stake in shares of Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares in the last quarter. Morse Asset Management Inc boosted its holdings in Walt Disney by 17.5% in the 3rd quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock worth $2,055,000 after buying an additional 3,185 shares during the period. Orion Portfolio Solutions LLC grew its stake in Walt Disney by 1.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 77,288 shares of the entertainment giant’s stock valued at $7,434,000 after buying an additional 1,456 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its holdings in Walt Disney by 2.9% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 5,301 shares of the entertainment giant’s stock valued at $510,000 after acquiring an additional 151 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Walt Disney by 3.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 660,647 shares of the entertainment giant’s stock worth $63,548,000 after acquiring an additional 22,810 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DIS. Loop Capital lifted their price target on 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 research report on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.33.

Walt Disney Price Performance

NYSE DIS opened at $83.23 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock’s fifty day moving average price is $105.08 and its 200 day moving average price is $105.21. The company has a market cap of $150.46 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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 research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

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.