DnB Asset Management AS Boosts Holdings in The Walt Disney Company (NYSE:DIS)

DnB Asset Management AS grew its position in The Walt Disney Company (NYSE:DIS) by 69.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,159,906 shares of the entertainment giant’s stock after buying an additional 477,026 shares during the period. DnB Asset Management AS owned 0.06% of Walt Disney worth $103,556,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $28,000. Worth Asset Management LLC acquired a new stake in Walt Disney during the 1st quarter worth approximately $29,000. MBM Wealth Consultants LLC lifted its holdings in Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after buying an additional 243 shares in the last quarter. Silicon Valley Capital Partners acquired a new stake in Walt Disney during the 4th quarter worth approximately $35,000. Finally, Bell Investment Advisors Inc lifted its holdings in Walt Disney by 40.3% during the 1st quarter. Bell Investment Advisors Inc now owns 442 shares of the entertainment giant’s stock worth $44,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the sale, the executive vice president now directly owns 961 shares in the company, valued at $85,577.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research reports. KeyCorp reduced their target price on shares of Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 25th. Atlantic Securities downgraded shares of Walt Disney from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $113.00 to $76.00 in a research report on Tuesday, July 25th. Loop Capital dropped their price objective on shares of Walt Disney from $120.00 to $110.00 in a research report on Monday, June 26th. Morgan Stanley dropped their price objective on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 26th. Finally, Citigroup dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $115.35.

Walt Disney Stock Performance

Shares of DIS opened at $84.48 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The stock has a market cap of $154.58 billion, a P/E ratio of 68.68, a PEG ratio of 1.68 and a beta of 1.28. The company has a 50-day moving average of $85.92 and a two-hundred day moving average of $91.85. The Walt Disney Company has a 12-month low of $79.75 and a 12-month high of $118.18.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $22.33 billion during the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.