Dai ichi Life Insurance Company Ltd Sells 94,501 Shares of The Walt Disney Company (NYSE:DIS)

Dai ichi Life Insurance Company Ltd trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 63.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,573 shares of the entertainment giant’s stock after selling 94,501 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Walt Disney were worth $5,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the first quarter worth $31,000. Gold Investment Management Ltd. bought a new stake in Walt Disney during the 4th quarter valued at about $28,000. Red Tortoise LLC boosted its position in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in Walt Disney in the 4th quarter valued at about $37,000. Finally, O Brien Wealth Partners LLC bought a new position in Walt Disney in the 1st quarter worth about $51,000. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on DIS shares. Macquarie lowered their price target on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Evercore ISI dropped their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Barclays decreased their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price 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. Finally, Loop Capital lowered their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.95.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Up 1.4 %

NYSE:DIS opened at $90.55 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $91.06 and a 200-day simple moving average of $102.55. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a market capitalization of $164.22 billion, a P/E ratio of 98.42, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current 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.