AMF Tjanstepension AB Sells 291,540 Shares of The Walt Disney Company (NYSE:DIS)

AMF Tjanstepension AB lowered its position in The Walt Disney Company (NYSE:DIS) by 33.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 578,963 shares of the entertainment giant’s stock after selling 291,540 shares during the period. AMF Tjanstepension AB’s holdings in Walt Disney were worth $70,862,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth $26,000. Gold Investment Management Ltd. purchased a new position in Walt Disney during the fourth quarter valued at $28,000. Partnership Wealth Management LLC purchased a new position in Walt Disney during the fourth quarter valued at $33,000. Stone House Investment Management LLC lifted its position in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in Walt Disney during the third quarter valued at $30,000. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Bank of America lifted their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Loop Capital boosted their price objective on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Raymond James boosted their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $126.50.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Walt Disney Trading Down 2.9 %

Shares of NYSE DIS opened at $99.19 on Friday. The business’s 50 day moving average is $104.76 and its two-hundred day moving average is $104.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The stock has a market capitalization of $180.83 billion, a P/E ratio of 107.82, a PEG ratio of 1.27 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 4.76 EPS for the current year.

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.