AMF Tjanstepension AB Grows Position in The Walt Disney Company (NYSE:DIS)

AMF Tjanstepension AB grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 301,496 shares of the entertainment giant's stock after purchasing an additional 14,659 shares during the quarter. AMF Tjanstepension AB's holdings in Walt Disney were worth $29,770,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after buying an additional 5,449,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after buying an additional 2,578,004 shares during the period. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after buying an additional 2,446,087 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Walt Disney by 10,567.3% in the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock worth $241,884,000 after buying an additional 2,427,728 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DIS shares. Evercore ISI increased their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Guggenheim raised their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. raised their target price on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $129.83.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $112.89 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 0.72. The firm has a market cap of $202.94 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. The business has a 50-day simple moving average of $119.18 and a two-hundred day simple moving average of $107.98. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

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

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The stock was 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. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company 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.

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