Walt Disney Company (The) (DIS) Position Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in Walt Disney Company (The) (NYSE:DIS) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 414,000 shares of the entertainment giant’s stock after buying an additional 1,000 shares during the period. Walt Disney Company (The) accounts for approximately 1.3% of Handelsbanken Fonder AB’s holdings, making the stock its 25th largest position. Handelsbanken Fonder AB’s holdings in Walt Disney Company (The) were worth $46,943,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. First Republic Investment Management Inc. boosted its position in shares of Walt Disney Company (The) by 0.6% in the fourth quarter. First Republic Investment Management Inc. now owns 815,378 shares of the entertainment giant’s stock worth $84,979,000 after buying an additional 4,859 shares during the period. Franklin Resources Inc. raised its stake in shares of Walt Disney Company (The) by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 4,799,563 shares of the entertainment giant’s stock worth $500,216,000 after buying an additional 194,040 shares in the last quarter. Fred Alger Management Inc. raised its stake in shares of Walt Disney Company (The) by 10.3% in the fourth quarter. Fred Alger Management Inc. now owns 16,095 shares of the entertainment giant’s stock worth $1,677,000 after buying an additional 1,500 shares in the last quarter. Arbor Wealth Management LLC raised its stake in shares of Walt Disney Company (The) by 88.6% in the fourth quarter. Arbor Wealth Management LLC now owns 25,137 shares of the entertainment giant’s stock valued at $2,753,000 after buying an additional 11,806 shares during the period. Finally, A.R.T. Advisors LLC raised its stake in shares of Walt Disney Company (The) by 112.0% in the fourth quarter. A.R.T. Advisors LLC now owns 94,250 shares of the entertainment giant’s stock valued at $9,822,000 after buying an additional 49,800 shares during the period. 62.34% of the stock is owned by institutional investors.

Shares of Walt Disney Company (DIS) opened at 100.70 on Friday. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The stock has a market capitalization of $155.43 billion, a price-to-earnings ratio of 17.86 and a beta of 1.40. The company has a 50-day moving average of $105.49 and a 200 day moving average of $108.98.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The business had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The firm’s revenue was down .3% compared to the same quarter last year. Equities research analysts forecast that Walt Disney Company will post $5.88 earnings per share for the current fiscal year.

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were paid a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is 27.56%.

TRADEMARK VIOLATION WARNING: “Walt Disney Company (The) (DIS) Position Increased by Handelsbanken Fonder AB” was originally published by BNB Daily and is the sole property of of BNB Daily. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/19/handelsbanken-fonder-ab-boosts-position-in-walt-disney-company-the-dis-updated-updated.html.

A number of equities analysts have weighed in on the stock. BMO Capital Markets reiterated an “underperform” rating and issued a $90.00 price target (down from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Loop Capital reiterated a “hold” rating and issued a $108.00 price target on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a $133.00 price target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reissued a “market perform” rating and issued a $109.00 target price on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Finally, FBR & Co lowered their target price on shares of Walt Disney Company (The) from $114.00 to $112.00 and set a “market perform” rating on the stock in a report on Wednesday, August 9th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $115.16.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Maria Elena Lagomasino acquired 976 shares of Walt Disney Company (The) stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the acquisition, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.

About Walt Disney Company (The)

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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

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

Latest News

Leave a Reply