Handelsbanken Fonder AB Purchases 11,205 Shares of The Walt Disney Company (NYSE:DIS)

Handelsbanken Fonder AB increased its position in shares of The Walt Disney Company (NYSE:DIS) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 620,885 shares of the entertainment giant’s stock after purchasing an additional 11,205 shares during the quarter. Handelsbanken Fonder AB’s holdings in Walt Disney were worth $59,723,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new stake in shares of Walt Disney during the first quarter valued at approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC raised its stake in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the period. Beaird Harris Wealth Management LLC boosted its holdings in shares of Walt Disney by 30.7% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after buying an additional 117 shares during the last quarter. Finally, Red Tortoise LLC grew its position in Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the period. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS traded up $1.52 during mid-day trading on Friday, reaching $95.15. 6,317,333 shares of the company were exchanged, compared to its average volume of 11,108,246. The Walt Disney Company has a 52 week low of $78.88 and a 52 week high of $123.74. The company’s 50 day moving average price is $90.78 and its 200 day moving average price is $100.66. The stock has a market capitalization of $173.46 billion, a PE ratio of 103.42, a PEG ratio of 1.53 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Sell-side analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Bank of America lowered their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Moffett Nathanson decreased their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley reduced their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.43.

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.