Alecta Tjanstepension Omsesidigt Acquires 231,000 Shares of The Walt Disney Company $DIS

Key Points

• Alecta Tjanstepension Omsesidigt increased its stake in The Walt Disney Company by 6.3%, acquiring an additional 231,000 shares, bringing its total to 3,890,400 shares.
• The Walt Disney Company reported earnings per share (EPS) of $1.61 for the last quarter, exceeding expectations of $1.45, alongside revenue of $23.65 billion.
• Walt Disney's stock has been given a "Moderate Buy" rating by analysts, with a consensus price target of $131.18, indicating potential for future growth.

Alecta Tjanstepension Omsesidigt lifted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,890,400 shares of the entertainment giant's stock after purchasing an additional 231,000 shares during the quarter. Walt Disney accounts for about 2.3% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 12th biggest holding. Alecta Tjanstepension Omsesidigt owned 0.22% of Walt Disney worth $482,137,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the first quarter valued at about $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $27,000. Kessler Investment Group LLC lifted its stake in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management purchased a new position in shares of Walt Disney in the fourth quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth approximately $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.7%

DIS opened at $115.98 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock's 50 day moving average price is $117.97 and its 200-day moving average price is $109.10. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a market cap of $208.52 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.67 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DIS shares. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, September 4th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Citigroup raised their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Barclays boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $131.18.

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.

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