The Walt Disney Company $DIS Shares Sold by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB reduced its stake in The Walt Disney Company by 3.6%, bringing its holdings to 76,008 shares valued at approximately $9.4 million.
• Multiple hedge funds adjusted their positions in Disney, with J. Safra Sarasin Holding AG increasing its stake by 8.1%, now owning 222,747 shares worth $21.98 million.
• Walt Disney recently reported earnings per share (EPS) of $1.61 for the quarter, exceeding analysts' expectations, while also showing a revenue of $23.65 billion.

E. Ohman J or Asset Management AB lowered its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,008 shares of the entertainment giant's stock after selling 2,802 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Walt Disney were worth $9,426,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. J. Safra Sarasin Holding AG increased its holdings in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Planning Directions Inc. acquired a new position in shares of Walt Disney during the first quarter valued at about $326,000. WoodTrust Financial Corp increased its holdings in shares of Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Bank of Stockton increased its holdings in shares of Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after acquiring an additional 383 shares in the last quarter. Finally, Lodge Hill Capital LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $24,373,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Evercore ISI increased their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, September 4th. Finally, Rosenblatt Securities increased their price target on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Trading Down 0.9%

Shares of NYSE:DIS opened at $116.02 on Monday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a market capitalization of $208.60 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55. 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 price is $118.34 and its 200-day moving average price is $108.99.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The business's revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.

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