E. Ohman J or Asset Management AB Decreases Stake in The Walt Disney Company (NYSE:DIS)

E. Ohman J or Asset Management AB trimmed its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,810 shares of the entertainment giant's stock after selling 2,800 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Walt Disney were worth $7,779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. Trek Financial LLC boosted its holdings in shares of Walt Disney by 479.9% in 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 in the last quarter. Greystone Financial Group LLC boosted its holdings in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock worth $9,486,000 after purchasing an additional 9,967 shares in the last quarter. FourThought Financial Partners LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $446,000. Merit Financial Group LLC boosted its holdings in Walt Disney by 47.0% during the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant's stock valued at $5,643,000 after acquiring an additional 18,272 shares during the period. Finally, Alecta Tjanstepension Omsesidigt boosted its holdings in Walt Disney by 2.9% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant's stock valued at $397,667,000 after acquiring an additional 100,000 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

NYSE:DIS traded up $1.82 during mid-day trading on Monday, hitting $115.72. 7,897,674 shares of the company traded hands, compared to its average volume of 10,023,605. The stock's fifty day moving average price is $98.47 and its 200-day moving average price is $105.70. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market cap of $208.03 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Walt Disney's revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DIS. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Barclays increased their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Rosenblatt Securities increased their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, Loop Capital increased their target price on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.75.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated 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 now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.16% of the company's stock.

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.