The Walt Disney Company $DIS Shares Bought by DnB Asset Management AS

Key Points

• DnB Asset Management AS increased its stake in The Walt Disney Company by 33.7% during the first quarter, raising its holdings to 441,153 shares valued at approximately $43.54 million.
• The Walt Disney Company recently reported earnings of $1.61 per share, beating the consensus estimate of $1.45, with a revenue of $23.65 billion for the quarter.
• Institutional investors currently own 65.71% of Walt Disney's stock, highlighting strong investor interest in the company.

DnB Asset Management AS increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 33.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 441,153 shares of the entertainment giant's stock after acquiring an additional 111,142 shares during the quarter. DnB Asset Management AS's holdings in Walt Disney were worth $43,542,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the 1st quarter worth $26,000. 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 acquiring an additional 200 shares during the period. Copia Wealth Management acquired a new stake in shares of Walt Disney in the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Walt Disney in the 4th quarter worth $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday. Barclays upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Price Performance

NYSE:DIS traded down $0.88 during trading hours on Friday, reaching $117.93. 6,668,217 shares of the company traded hands, compared to its average volume of 6,294,819. The firm's 50-day moving average is $119.01 and its 200-day moving average is $108.78. The stock has a market cap of $212.03 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.71 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $1.39 EPS. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.