Swedbank AB Sells 2,545,180 Shares of The Walt Disney Company $DIS

Key Points

• Swedbank AB significantly reduced its holdings in The Walt Disney Company by 76.3% during the second quarter, selling over 2.5 million shares, leaving it with 788,427 shares worth approximately $97.77 million.
• In contrast, several hedge funds increased their stakes in Walt Disney, with GAMMA Investing LLC boosting its holdings by 10,567.3% and Nuveen LLC acquiring a position valued at over $1.35 billion.
• Walt Disney reported a net income of $1.61 earnings per share for the last quarter, surpassing expectations, but its revenue of $23.65 billion was slightly below analyst estimates of $23.69 billion.

Swedbank AB lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 76.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 788,427 shares of the entertainment giant's stock after selling 2,545,180 shares during the period. Swedbank AB's holdings in Walt Disney were worth $97,773,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the first quarter worth about $26,000. Kessler Investment Group LLC raised its position in Walt Disney by 274.0% in 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 bought a new stake in Walt Disney during the fourth quarter worth about $36,000. Vermillion Wealth Management Inc. bought a new stake in Walt Disney during the fourth quarter worth about $39,000. Finally, First PREMIER Bank grew its stake in Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after buying an additional 205 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 1.2%

DIS traded down $1.32 during mid-day trading on Monday, hitting $112.44. The stock had a trading volume of 15,433,461 shares, compared to its average volume of 7,101,095. The stock's fifty day simple moving average is $117.56 and its 200-day simple moving average is $109.22. 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 firm has a market capitalization of $202.16 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55. 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 posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last 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.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research analyst reports. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI upped their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Morgan Stanley increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Rosenblatt Securities increased their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Walt Disney 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.