Swedbank Increases Stake in Walt Disney Co (DIS)

Swedbank boosted its holdings in shares of Walt Disney Co (NYSE:DIS) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,888,770 shares of the entertainment giant’s stock after acquiring an additional 130,125 shares during the period. Swedbank owned 0.13% of Walt Disney worth $189,708,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. Arrowstreet Capital Limited Partnership lifted its position in Walt Disney by 44.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,032,917 shares of the entertainment giant’s stock valued at $648,599,000 after acquiring an additional 1,860,702 shares during the period. American Century Companies Inc. lifted its position in Walt Disney by 53.4% during the 1st quarter. American Century Companies Inc. now owns 3,604,766 shares of the entertainment giant’s stock valued at $362,063,000 after acquiring an additional 1,255,464 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in Walt Disney during the 4th quarter valued at about $131,539,000. Vontobel Asset Management Inc. lifted its position in Walt Disney by 78.4% during the 4th quarter. Vontobel Asset Management Inc. now owns 2,379,040 shares of the entertainment giant’s stock valued at $261,560,000 after acquiring an additional 1,045,220 shares during the period. Finally, Eaton Vance Management lifted its position in Walt Disney by 27.6% during the 4th quarter. Eaton Vance Management now owns 4,812,722 shares of the entertainment giant’s stock valued at $517,416,000 after acquiring an additional 1,041,427 shares during the period. 63.46% of the stock is owned by institutional investors.

Shares of Walt Disney opened at $104.26 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.79. The company has a market cap of $155.29 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. Walt Disney Co has a 12-month low of $96.20 and a 12-month high of $113.19.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 8th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. The company had revenue of $14.55 billion during the quarter, compared to analyst estimates of $14.11 billion. Walt Disney had a net margin of 20.16% and a return on equity of 21.13%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 earnings per share. equities research analysts anticipate that Walt Disney Co will post 7.12 EPS for the current year.

A number of brokerages recently issued reports on DIS. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Zacks Investment Research raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a report on Monday, June 18th. Pivotal Research cut shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 target price for the company. in a report on Monday, June 18th. Vetr cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $113.88 target price for the company. in a report on Wednesday, April 18th. Finally, B. Riley decreased their target price on shares of Walt Disney from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, May 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and an average price target of $118.96.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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