Skandinaviska Enskilda Banken AB publ Has $37.61 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in The Walt Disney Company by 2.8%, acquiring an additional 10,472 shares, bringing its total holdings to 381,010 shares valued at $37.6 million.
• Several hedge funds have recently adjusted their stakes in Disney, with notable increases in holdings from firms such as Waterloo Capital and Quadrant Capital, reflecting strong institutional interest.
• Analysts are bullish on Disney's stock, with UBS and Barclays raising their target prices to $138 and $140, respectively, and a consensus rating of "Moderate Buy" with a target price of $128.13.

Skandinaviska Enskilda Banken AB publ grew its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 381,010 shares of the entertainment giant's stock after buying an additional 10,472 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Walt Disney were worth $37,606,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Planning Directions Inc. acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $326,000. Trek Financial LLC raised its position in shares of Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after purchasing an additional 30,057 shares during the period. WoodTrust Financial Corp raised its position in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after purchasing an additional 6,047 shares during the period. Bank of Stockton raised its position in shares of Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after purchasing an additional 383 shares during the period. Finally, Rheos Capital Works Inc. raised its position in shares of Walt Disney by 164.7% during the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after purchasing an additional 246,000 shares during the period. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DIS shares. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $128.13.

Walt Disney Price Performance

Shares of NYSE DIS traded down $0.51 during mid-day trading on Friday, reaching $121.44. The company had a trading volume of 5,587,104 shares, compared to its average volume of 7,479,350. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a market cap of $218.32 billion, a PE ratio of 24.83, a P/E/G ratio of 1.78 and a beta of 1.56. The company has a 50-day moving average price of $117.97 and a two-hundred day moving average price of $107.37. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 EPS. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by 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.