Nikko Asset Management Americas Inc. Sells 11,282 Shares of The Walt Disney Company (NYSE:DIS)

Nikko Asset Management Americas Inc. lowered its position in The Walt Disney Company (NYSE:DIS) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,788 shares of the entertainment giant’s stock after selling 11,282 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in Walt Disney were worth $9,441,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $243,000. Cozad Asset Management Inc. lifted its position in shares of Walt Disney by 5.4% during the 4th quarter. Cozad Asset Management Inc. now owns 6,342 shares of the entertainment giant’s stock worth $706,000 after buying an additional 325 shares during the period. Cassady Schiller Wealth Management LLC lifted its position in shares of Walt Disney by 9.1% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 1,778 shares of the entertainment giant’s stock worth $198,000 after buying an additional 149 shares during the period. Signaturefd LLC lifted its position in shares of Walt Disney by 1.9% during the 4th quarter. Signaturefd LLC now owns 56,382 shares of the entertainment giant’s stock worth $6,278,000 after buying an additional 1,025 shares during the period. Finally, Cibc World Markets Corp lifted its position in shares of Walt Disney by 1.9% during the 4th quarter. Cibc World Markets Corp now owns 657,787 shares of the entertainment giant’s stock worth $73,245,000 after buying an additional 12,087 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.9 %

Shares of Walt Disney stock opened at $98.73 on Monday. 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The business has a fifty day simple moving average of $109.10 and a 200 day simple moving average of $104.45. The stock has a market cap of $178.48 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its earnings results 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 return on equity of 9.95% and a net margin of 6.07%. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Prescient Securities cut their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Evercore ISI raised their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.64.

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.