Achmea Investment Management B.V. Decreases Stake in The Walt Disney Company (NYSE:DIS)

Achmea Investment Management B.V. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,235 shares of the entertainment giant’s stock after selling 6,058 shares during the period. Achmea Investment Management B.V.’s holdings in Walt Disney were worth $6,819,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in Walt Disney in the fourth quarter valued at $34,000. Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney in the fourth quarter valued at $35,000. Finally, Vision Financial Markets LLC purchased a new stake in Walt Disney during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Down 2.0 %

NYSE DIS opened at $96.76 on Friday. 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 stock has a market capitalization of $174.91 billion, a P/E ratio of 31.52, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a 50-day moving average price of $109.35 and a 200 day moving average price of $104.30.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DIS shares. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Guggenheim boosted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Sanford C. Bernstein increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

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.