DNB Asset Management AS Purchases 31,657 Shares of The Walt Disney Company $DIS

DNB Asset Management AS boosted its position in The Walt Disney Company (NYSE:DISFree Report) by 6.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 535,794 shares of the entertainment giant’s stock after buying an additional 31,657 shares during the quarter. DNB Asset Management AS’s holdings in Walt Disney were worth $60,957,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Strengthening Families & Communities LLC bought a new position in Walt Disney in the third quarter valued at about $29,000. JPL Wealth Management LLC bought a new position in Walt Disney in the third quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney in the third quarter valued at about $33,000. Bare Financial Services Inc boosted its holdings in Walt Disney by 48.5% in the third quarter. Bare Financial Services Inc now owns 291 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 95 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in Walt Disney in the fourth quarter valued at about $37,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Walt Disney from $138.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings lowered Walt Disney from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Tuesday, March 31st. Wells Fargo & Company cut their target price on Walt Disney from $148.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Finally, Morgan Stanley assumed coverage on Walt Disney in a research note on Tuesday, February 3rd. They issued an “overweight” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $134.47.

Check Out Our Latest Stock Analysis on Walt Disney

Walt Disney Trading Down 2.6%

NYSE:DIS opened at $102.71 on Friday. The Walt Disney Company has a 1-year low of $92.18 and a 1-year high of $124.69. The business’s 50-day moving average price is $100.96 and its two-hundred day moving average price is $106.35. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $178.36 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.38 and a beta of 1.41.

Walt Disney (NYSE:DISGet Free Report) last released its earnings results on Wednesday, May 6th. The entertainment giant reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.08. Walt Disney had a return on equity of 8.92% and a net margin of 11.54%.The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Walt Disney has set its FY 2026 guidance at 6.640-6.640 EPS. On average, equities analysts expect that The Walt Disney Company will post 6.82 earnings per share for the current year.

More Walt Disney News

Here are the key news stories impacting Walt Disney this week:

Walt Disney Company Profile

(Free Report)

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi?national entertainment enterprise known for iconic intellectual property and family?oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.

See Also

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DISFree Report).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.