Alecta Tjanstepension Omsesidigt Has $361.11 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Alecta Tjanstepension Omsesidigt grew its position in The Walt Disney Company (NYSE:DIS - Free Report) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,659,400 shares of the entertainment giant's stock after acquiring an additional 90,000 shares during the quarter. Walt Disney makes up approximately 2.0% of Alecta Tjanstepension Omsesidigt's holdings, making the stock its 14th largest position. Alecta Tjanstepension Omsesidigt owned 0.20% of Walt Disney worth $361,110,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Homestead Advisers Corp lifted its position in shares of Walt Disney by 12.0% in the 1st quarter. Homestead Advisers Corp now owns 862,000 shares of the entertainment giant's stock worth $85,079,000 after acquiring an additional 92,100 shares during the period. United Bank increased its stake in shares of Walt Disney by 11.9% in the 1st quarter. United Bank now owns 15,955 shares of the entertainment giant's stock valued at $1,575,000 after buying an additional 1,699 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Walt Disney by 6.5% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,372,739 shares of the entertainment giant's stock worth $147,588,000 after purchasing an additional 84,053 shares during the period. Wesleyan Assurance Society lifted its holdings in Walt Disney by 12.4% during the first quarter. Wesleyan Assurance Society now owns 217,862 shares of the entertainment giant's stock worth $21,499,000 after acquiring an additional 24,000 shares in the last quarter. Finally, Financial Sense Advisors Inc. raised its holdings in Walt Disney by 2.0% during the first quarter. Financial Sense Advisors Inc. now owns 6,979 shares of the entertainment giant's stock worth $689,000 after acquiring an additional 137 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on DIS shares. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Rosenblatt Securities raised their target price on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and an average price target of $128.13.

Walt Disney Trading Up 0.4%

DIS stock traded up $0.45 during mid-day trading on Tuesday, hitting $121.29. 5,605,165 shares of the company were exchanged, compared to its average volume of 9,963,623. The business has a fifty day simple moving average of $117.00 and a 200-day simple moving average of $106.95. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $218.05 billion, a P/E ratio of 24.80, a PEG ratio of 1.77 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the firm earned $1.21 EPS. The business's revenue was up 7.0% on a year-over-year basis. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.