The Walt Disney Company (NYSE:DIS) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 296,100 shares of the entertainment giant's stock after selling 16,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Walt Disney were worth $32,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney in the 4th quarter worth $28,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the fourth quarter valued at about $35,000. Hager Investment Management Services LLC purchased a new position in Walt Disney in the fourth quarter worth about $43,000. Cedar Mountain Advisors LLC grew its stake in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock valued at $44,000 after purchasing an additional 110 shares during the period. Finally, Friedenthal Financial bought a new stake in shares of Walt Disney during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Up 1.2 %

DIS traded up $1.29 on Wednesday, hitting $111.82. The company had a trading volume of 7,827,624 shares, compared to its average volume of 8,181,265. The stock has a market capitalization of $202.14 billion, a price-to-earnings ratio of 36.42, a P/E/G ratio of 1.80 and a beta of 1.42. The stock has a fifty day moving average price of $110.63 and a 200-day moving average price of $102.92. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney's dividend payout ratio (DPR) is 32.57%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DIS shares. Macquarie reiterated a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Citigroup reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Sanford C. Bernstein boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, November 15th. Bank of America upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.44.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company's stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

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.