Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Walt Disney Company (The) (NYSE:DIS) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 306,184 shares of the entertainment giant’s stock after selling 24,111 shares during the period. Walt Disney Company (The) makes up 0.8% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 21st largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Walt Disney Company (The) were worth $34,718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Davidson Kempner Capital Management LP bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth $20,844,000. Friess Associates LLC increased its position in shares of Walt Disney Company (The) by 10,802.2% in the fourth quarter. Friess Associates LLC now owns 138,458 shares of the entertainment giant’s stock worth $14,430,000 after buying an additional 137,188 shares during the period. Viking Global Investors LP bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth $250,510,000. Sciencast Management LP bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth $620,000. Finally, GLG LLC increased its position in shares of Walt Disney Company (The) by 18.5% in the fourth quarter. GLG LLC now owns 107,036 shares of the entertainment giant’s stock worth $11,155,000 after buying an additional 16,684 shares during the period. Institutional investors own 62.42% of the company’s stock.

Walt Disney Company (NYSE:DIS) opened at 107.69 on Monday. The company’s 50 day moving average is $106.01 and its 200-day moving average is $109.39. The stock has a market capitalization of $168.52 billion, a PE ratio of 18.78 and a beta of 1.40. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.05. The business had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. Walt Disney Company (The) had a net margin of 16.63% and a return on equity of 19.81%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 earnings per share. Analysts forecast that Walt Disney Company will post $5.90 earnings per share for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is 27.18%.

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DIS has been the topic of a number of research analyst reports. Vetr upgraded shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $118.01 price objective on the stock in a research report on Monday, April 10th. Goldman Sachs Group, Inc. (The) set a $138.00 price objective on shares of Walt Disney Company (The) and gave the company a “buy” rating in a research report on Tuesday, April 11th. J P Morgan Chase & Co restated an “overweight” rating and set a $124.00 price objective on shares of Walt Disney Company (The) in a research report on Tuesday, April 11th. Guggenheim reiterated a “buy” rating and issued a $128.00 price target on shares of Walt Disney Company (The) in a research report on Tuesday, April 11th. Finally, Morgan Stanley increased their price target on shares of Walt Disney Company (The) from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $115.95.

In related news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan E. Arnold sold 12,143 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the completion of the sale, the director now directly owns 48,673 shares of the company’s stock, valued at approximately $5,306,330.46. The disclosure for this sale can be found here. 13.00% of the stock is owned by corporate insiders.

Walt Disney Company (The) Company Profile

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.

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

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