The Walt Disney Company (NYSE:DIS) Shares Sold by Swiss National Bank

Swiss National Bank cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,107,525 shares of the entertainment giant's stock after selling 15,800 shares during the quarter. Swiss National Bank owned 0.28% of Walt Disney worth $504,113,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acorns Advisers LLC lifted its holdings in Walt Disney by 2.6% in the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after acquiring an additional 98 shares during the last quarter. Clearstead Trust LLC grew its stake in shares of Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after purchasing an additional 99 shares during the last quarter. Hemington Wealth Management raised its holdings in shares of Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after purchasing an additional 105 shares in the last quarter. Allegheny Financial Group raised its holdings in shares of Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in Walt Disney by 0.4% during the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 2.0%

Shares of NYSE DIS opened at $112.89 on Friday. The business has a 50 day simple moving average of $119.18 and a 200 day simple moving average of $107.98. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The stock has a market cap of $202.94 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 0.72.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent research reports. Citigroup lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Barclays lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and boosted their target price for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Rosenblatt Securities increased their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Morgan Stanley boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $129.83.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.

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