The Walt Disney Company $DIS Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its holdings in The Walt Disney Company by 4.6%, purchasing an additional 12,604 shares, bringing their total to 285,000 shares worth approximately $28,130,000.
• Analysts have raised their price targets for Disney shares, with targets ranging from $130.00 to $140.00, reflecting a strong sentiment towards the company's future stock performance.
• Walt Disney reported earnings of $1.61 per share for the last quarter, exceeding expectations and marking a revenue increase of 2.1% year-over-year.

Ilmarinen Mutual Pension Insurance Co increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,000 shares of the entertainment giant's stock after acquiring an additional 12,604 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Walt Disney were worth $28,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Trust LLC boosted its holdings in Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after acquiring an additional 99 shares during the period. Hemington Wealth Management boosted its stake in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock valued at $555,000 after buying an additional 105 shares during the period. Leigh Baldwin & CO. LLC boosted its stake in shares of Walt Disney by 2.2% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant's stock valued at $493,000 after buying an additional 108 shares during the period. Resonant Capital Advisors LLC boosted its stake in shares of Walt Disney by 0.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after buying an additional 113 shares during the period. Finally, RD Lewis Holdings Inc. boosted its stake in shares of Walt Disney by 0.7% in the 1st quarter. RD Lewis Holdings Inc. now owns 15,899 shares of the entertainment giant's stock valued at $1,470,000 after buying an additional 113 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DIS shares. JPMorgan Chase & Co. lifted their price objective on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, September 4th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $1.06 during trading on Friday, reaching $116.02. The company had a trading volume of 7,638,964 shares, compared to its average volume of 9,437,372. The firm has a market capitalization of $208.60 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.67 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 stock's fifty day moving average price is $118.50 and its 200 day moving average price is $108.99. 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 earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 return on equity of 9.67% and a net margin of 12.22%.The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.