The Walt Disney Company (NYSE:DIS) Shares Acquired by Tredje AP fonden

Tredje AP fonden grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 108.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 541,630 shares of the entertainment giant's stock after buying an additional 281,630 shares during the quarter. Tredje AP fonden's holdings in Walt Disney were worth $53,459,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DIS. Vestcor Inc lifted its stake in Walt Disney by 3.9% during the 1st quarter. Vestcor Inc now owns 34,733 shares of the entertainment giant's stock worth $3,428,000 after acquiring an additional 1,290 shares in the last quarter. Orca Wealth Management LLC lifted its stake in Walt Disney by 4.8% during the 1st quarter. Orca Wealth Management LLC now owns 4,331 shares of the entertainment giant's stock worth $427,000 after acquiring an additional 199 shares in the last quarter. Brucke Financial Inc. lifted its stake in Walt Disney by 7.2% during the 1st quarter. Brucke Financial Inc. now owns 2,952 shares of the entertainment giant's stock worth $268,000 after acquiring an additional 198 shares in the last quarter. XTX Topco Ltd acquired a new position in Walt Disney during the 1st quarter worth about $2,219,000. Finally, Banque Cantonale Vaudoise acquired a new position in Walt Disney during the 1st quarter worth about $4,770,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Down 2.1%

NYSE:DIS traded down $2.54 on Friday, hitting $116.57. 8,509,376 shares of the stock were exchanged, compared to its average volume of 9,738,922. The stock has a market cap of $209.56 billion, a PE ratio of 23.84, a PEG ratio of 1.75 and a beta of 1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $118.62 and a 200-day moving average of $107.66. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the company'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 completion of the sale, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Guggenheim increased 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. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Barclays upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Rosenblatt Securities upped their price target on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and an average target price of $128.70.

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.