Skandinaviska Enskilda Banken AB publ Sells 1,792 Shares of The Walt Disney Company (NYSE:DIS)

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 370,538 shares of the entertainment giant’s stock after selling 1,792 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Walt Disney were worth $41,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Impax Asset Management Group plc increased its stake in Walt Disney by 4.5% during the 3rd quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock worth $61,948,000 after buying an additional 27,806 shares in the last quarter. United Bank increased its holdings in Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after buying an additional 712 shares during the last quarter. Assetmark Inc. raised its position in shares of Walt Disney by 6.2% during the 3rd quarter. Assetmark Inc. now owns 32,385 shares of the entertainment giant’s stock worth $3,115,000 after acquiring an additional 1,903 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Walt Disney by 44.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 13,363 shares of the entertainment giant’s stock valued at $1,285,000 after buying an additional 4,139 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Walt Disney by 7.6% during the third quarter. Venturi Wealth Management LLC now owns 6,580 shares of the entertainment giant’s stock worth $633,000 after purchasing an additional 467 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Prescient Securities cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Sanford C. Bernstein lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Finally, TD Cowen raised their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Price Performance

DIS stock opened at $98.79 on Thursday. The company has a market capitalization of $178.60 billion, a PE ratio of 32.18, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $109.63 and its two-hundred day moving average is $104.36. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Analysts predict that The Walt Disney Company will post 5.47 earnings per share 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.