The Walt Disney Company $DIS Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its holdings in The Walt Disney Company by 42.6%, now owning 79,513 shares valued at approximately $7.85 million.
• Walt Disney's recent quarterly earnings exceeded expectations, reporting $1.61 EPS compared to a consensus estimate of $1.45, with revenues of $23.65 billion.
• Several analysts have upgraded their target prices for Walt Disney shares, with Guggenheim and Barclays raising their target to $140.00, reflecting a positive outlook on the stock.

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 42.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,513 shares of the entertainment giant's stock after selling 58,964 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Walt Disney were worth $7,848,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the 1st quarter worth $26,000. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney in the 4th quarter worth $27,000. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Copia Wealth Management purchased a new position in Walt Disney in the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Walt Disney in the 4th quarter worth $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $116.2030 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The business has a 50-day moving average price of $119.29 and a 200 day moving average price of $108.14. The firm has a market cap of $208.92 billion, a PE ratio of 18.21, a P/E/G ratio of 1.68 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly 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. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the business earned $1.39 EPS. Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DIS shares. Guggenheim raised their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Barclays raised their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, 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. 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. Based on data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

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.

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