The Walt Disney Company (NYSE:DIS) Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 711,812 shares of the entertainment giant's stock after acquiring an additional 8,600 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Walt Disney were worth $70,256,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DIS. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after buying an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after acquiring an additional 3,016,339 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Walt Disney by 10,567.3% in the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock worth $241,884,000 after buying an additional 2,427,728 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $0.91 on Thursday, reaching $122.03. The company's stock had a trading volume of 6,668,235 shares, compared to its average volume of 9,877,960. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $219.38 billion, a P/E ratio of 24.95, a PEG ratio of 1.77 and a beta of 1.56. The stock has a 50-day moving average price of $117.61 and a 200-day moving average price of $107.22. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business earned $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on DIS. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Barclays boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Rosenblatt Securities raised their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $128.13.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by company insiders.

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.