Mizuho Securities Co. Ltd. Purchases 2,890 Shares of The Walt Disney Company (NYSE:DIS)

Mizuho Securities Co. Ltd. lifted its position in The Walt Disney Company (NYSE:DIS) by 1,605.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,070 shares of the entertainment giant’s stock after purchasing an additional 2,890 shares during the quarter. Walt Disney accounts for 3.6% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 9th largest position. Mizuho Securities Co. Ltd.’s holdings in Walt Disney were worth $303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the 4th quarter worth about $27,000. FPC Investment Advisory Inc. bought a new position in Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc boosted its holdings in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney during the fourth quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $34,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays raised their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Finally, Guggenheim decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.96.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $117.61 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $120.50. The stock has a market capitalization of $211.44 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.73 and a beta of 1.54. The business has a 50-day moving average price of $104.69 and a two-hundred day moving average price of $105.88.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. Walt Disney’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.