Fjarde AP Fonden Fourth Swedish National Pension Fund Has $23.72 Million Stake in The Walt Disney Company (NYSE:DIS)

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has sold 55,800 shares of The Walt Disney Company, reducing its stake by 18.8% in the first quarter, bringing its total holdings to 240,300 shares worth approximately $23.7 million.
• Institutional investors own 65.71% of Walt Disney's stock, with major firms like Nuveen LLC and DZ BANK AG significantly increasing their positions.
• Walt Disney reported a quarterly EPS of $1.61, exceeding estimates, but its revenue of $23.65 billion slightly fell short of analyst expectations.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 18.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,300 shares of the entertainment giant's stock after selling 55,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Walt Disney were worth $23,718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the 1st quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the 4th quarter worth about $27,000. Kessler Investment Group LLC lifted its holdings in shares of Walt Disney by 274.0% during 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 purchased a new position in shares of Walt Disney during the 4th quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney during the 4th quarter worth about $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Down 0.8%

Shares of Walt Disney stock traded down $0.95 during trading on Friday, hitting $115.36. 6,766,517 shares of the stock traded hands, compared to its average volume of 8,928,304. The stock has a market cap of $207.41 billion, a P/E ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.56. 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 Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a fifty day moving average price of $119.30 and a two-hundred day moving average price of $108.11.

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, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The firm's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on DIS. Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a report on Monday. Rosenblatt Securities raised their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday. Finally, Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, August 7th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.