Avanza Fonder AB Sells 13,973 Shares of The Walt Disney Company $DIS

Key Points

• Avanza Fonder AB has reduced its stake in The Walt Disney Company by 10.4%, selling 13,973 shares, and now holds a position worth approximately $14.97 million.
• Analysts have recently adjusted their ratings for Disney, with Barclays increasing the price target to $140 and giving it an "overweight" rating, while Jefferies downgraded it from "strong-buy" to "hold".
• Walt Disney's stock is currently trading at around $113.71, with a market cap of $204.44 billion and a recent earnings report showing an EPS of $1.61, exceeding estimates.

Avanza Fonder AB trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 10.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,699 shares of the entertainment giant's stock after selling 13,973 shares during the period. Avanza Fonder AB's holdings in Walt Disney were worth $14,968,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter worth approximately $26,000. Kessler Investment Group LLC raised its stake in shares of Walt Disney by 274.0% in the first 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 last quarter. Copia Wealth Management purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $36,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $39,000. Finally, First PREMIER Bank raised its stake in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research analyst reports. Guggenheim boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Citigroup boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $1.32 during trading on Monday, reaching $112.44. The company had a trading volume of 15,433,461 shares, compared to its average volume of 9,505,472. The company has a fifty day moving average of $117.71 and a two-hundred day moving average of $109.17. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $202.16 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55.

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

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.