Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 44,700 Shares of The Walt Disney Company $DIS

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 18.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 285,000 shares of the entertainment giant’s stock after buying an additional 44,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Walt Disney were worth $35,343,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney during the 1st quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney during the 2nd quarter worth approximately $37,000. RMG Wealth Management LLC bought a new position in shares of Walt Disney during the 2nd quarter worth approximately $49,000. Finally, Core Alternative Capital grew its stake in Walt Disney by 71.0% in the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock valued at $53,000 after acquiring an additional 225 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Morgan Stanley raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Evercore ISI raised their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Stock Up 0.5%

DIS stock opened at $112.28 on Tuesday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $114.56 and its 200-day moving average is $112.13. The firm has a market capitalization of $201.87 billion, a PE ratio of 17.60, a P/E/G ratio of 1.46 and a beta of 1.54.

Walt Disney (NYSE:DIS) 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 firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter last year, the firm earned $1.39 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.