The Walt Disney Company $DIS Stock Position Reduced by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its holdings in The Walt Disney Company by 3.8% in the first quarter, now holding 1,036,148 shares valued at approximately $102.27 million.
• Several institutional investors made changes to their stakes in Walt Disney, with Rheos Capital Works Inc. notably increasing its holdings by 164.7%.
• Walt Disney's recent earnings showed an EPS of $1.61, exceeding estimates, with quarterly revenue up 2.1% year-over-year, although slightly below expectations.

Lansforsakringar Fondforvaltning AB publ lessened its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,036,148 shares of the entertainment giant's stock after selling 40,914 shares during the period. Walt Disney makes up 0.6% of Lansforsakringar Fondforvaltning AB publ's portfolio, making the stock its 25th biggest position. Lansforsakringar Fondforvaltning AB publ owned about 0.06% of Walt Disney worth $102,268,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the first quarter valued at about $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $27,000. Kessler Investment Group LLC grew its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the period. Copia Wealth Management purchased a new stake in Walt Disney during the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

DIS has been the subject of a number of research reports. Evercore ISI boosted their price target on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Rosenblatt Securities upped their target price on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Up 0.6%

DIS traded up $0.75 on Friday, reaching $118.39. The company's stock had a trading volume of 5,210,979 shares, compared to its average volume of 8,595,832. The stock has a market cap of $212.86 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.70 and a beta of 1.56. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. 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 business's 50 day moving average is $119.20 and its 200 day moving average is $108.51.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 earnings per share. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company 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.