Meiji Yasuda Asset Management Co Ltd. Has $6.66 Million Position in The Walt Disney Company (NYSE:DIS)

Meiji Yasuda Asset Management Co Ltd. raised its holdings in The Walt Disney Company (NYSE:DIS) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,092 shares of the entertainment giant’s stock after acquiring an additional 4,349 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Walt Disney were worth $6,662,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ESL Trust Services LLC bought a new position in shares of Walt Disney in the 1st quarter worth $31,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the fourth quarter valued at about $28,000. Red Tortoise LLC boosted its holdings in Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in Walt Disney during the fourth quarter worth about $37,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Walt Disney during the 1st quarter worth about $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 1.1 %

NYSE:DIS opened at $92.89 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a market cap of $169.34 billion, a P/E ratio of 100.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The business has a 50 day moving average price of $90.86 and a two-hundred day moving average price of $102.22.

Walt Disney (NYSE:DIS) 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 business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Macquarie cut their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Moffett Nathanson lowered their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Finally, The Goldman Sachs Group began coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $117.95.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

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.