Swedbank AB Lowers Holdings in The Walt Disney Company $DIS

Key Points

• Swedbank AB reduced its stake in The Walt Disney Company by 0.8%, now holding 3,333,607 shares valued at approximately $329 million.
• Multiple hedge funds have recently adjusted their positions in Disney, with a notable 274% increase from Kessler Investment Group, now owning 273 shares valued at $27,000.
• Analysts have increased price targets for Disney stocks, with Barclays and Citigroup both raising their targets to $140 and giving the stock an "overweight" and "buy" rating respectively.

Swedbank AB decreased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,333,607 shares of the entertainment giant's stock after selling 28,185 shares during the quarter. Swedbank AB owned approximately 0.19% of Walt Disney worth $329,027,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney during the fourth quarter worth approximately $27,000. Kessler Investment Group LLC boosted 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 worth $27,000 after purchasing an additional 200 shares in the last quarter. Copia Wealth Management purchased a new position in Walt Disney during the fourth quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Walt Disney during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

NYSE DIS opened at $117.10 on Friday. The company has a market cap of $210.54 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.67 and a beta of 1.55. The stock's 50 day simple moving average is $118.50 and its 200-day simple moving average is $108.99. 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.

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 for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for 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%.The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Citigroup increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Evercore ISI increased their price target on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. increased their price target on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Guggenheim increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. One research 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney 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.

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