Handelsbanken Fonder AB lessened its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,338 shares of the entertainment giant's stock after selling 11,224 shares during the quarter. Handelsbanken Fonder AB's holdings in Walt Disney were worth $62,510,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc increased its stake in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the fourth quarter worth $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Walt Disney Stock Performance
Shares of DIS stock traded down $0.76 during trading hours on Friday, reaching $117.85. 13,143,189 shares of the company's stock were exchanged, compared to its average volume of 10,081,988. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $211.86 billion, a P/E ratio of 38.39, a P/E/G ratio of 1.80 and a beta of 1.54. The business has a fifty day moving average price of $101.58 and a 200-day moving average price of $105.92.
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, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Walt Disney's revenue was up 7.0% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Analysts Set New Price Targets
DIS has been the topic of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Rosenblatt Securities lifted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Barclays boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Walt Disney has an average rating of "Moderate Buy" and an average target price of $123.96.
Get Our Latest Analysis on DIS
Insider Transactions at Walt Disney
In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.16% of the company's stock.
About Walt Disney
(
Free Report)
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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