Nomura Asset Management Co. Ltd. Sells 5,535 Shares of The Walt Disney Company (NYSE:DIS)

Nomura Asset Management Co. Ltd. cut its position in The Walt Disney Company (NYSE:DIS) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the 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 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brookstone Capital Management raised its stake in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after acquiring an additional 13,339 shares in the last quarter. Greystone Financial Group LLC increased its position in shares of Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Walt Disney during the 4th quarter valued at $15,125,000. Swedbank AB boosted its position in shares of Walt Disney by 14.4% in the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock worth $374,336,000 after purchasing an additional 422,339 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in Walt Disney during the 4th quarter worth $446,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $100.45 on Friday. 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 firm’s 50 day simple moving average is $107.49 and its 200-day simple moving average is $105.01. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock 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.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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%. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on DIS. Prescient Securities decreased their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

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.