The Walt Disney Company $DIS Position Raised by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of The Walt Disney Company (NYSE:DIS) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 658,545 shares of the entertainment giant’s stock after acquiring an additional 25,207 shares during the quarter. Handelsbanken Fonder AB’s holdings in Walt Disney were worth $81,666,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. ADE LLC acquired a new position in Walt Disney during the 2nd quarter valued at about $202,000. Garrett Wealth Advisory Group LLC raised its holdings in shares of Walt Disney by 2.5% during the second quarter. Garrett Wealth Advisory Group LLC now owns 6,435 shares of the entertainment giant’s stock valued at $798,000 after buying an additional 155 shares during the last quarter. Cumberland Partners Ltd acquired a new position in shares of Walt Disney during the second quarter worth approximately $2,792,000. Howe & Rusling Inc. grew its holdings in Walt Disney by 2.7% in the 2nd quarter. Howe & Rusling Inc. now owns 44,315 shares of the entertainment giant’s stock worth $5,496,000 after buying an additional 1,170 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. increased its position in Walt Disney by 163.2% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 8,080 shares of the entertainment giant’s stock valued at $1,002,000 after acquiring an additional 5,010 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIS. Rosenblatt Securities reiterated a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research report on Friday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, November 13th. Guggenheim reiterated a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Evercore ISI upped their price target on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Price Performance

Shares of NYSE DIS opened at $102.77 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $111.79 and a two-hundred day moving average of $114.78. The company has a market capitalization of $183.48 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. The business had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is currently 21.87%.

About Walt Disney

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.