KLP Kapitalforvaltning AS Makes New Investment in The Walt Disney Company (NYSE:DIS)

KLP Kapitalforvaltning AS bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 703,212 shares of the entertainment giant's stock, valued at approximately $78,601,000.

Several other hedge funds have also recently bought and sold shares of DIS. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $28,000. Tacita Capital Inc boosted its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Midwest Capital Advisors LLC bought a new position in Walt Disney during the 4th quarter worth about $34,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $35,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at about $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

DIS traded up $1.43 on Tuesday, reaching $101.61. The company had a trading volume of 7,363,448 shares, compared to its average volume of 9,529,117. The company's fifty day moving average is $107.76 and its 200 day moving average is $104.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market cap of $183.69 billion, a P/E ratio of 33.10, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

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Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DIS. Needham & Company LLC reissued a "buy" rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Prescient Securities lowered their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and increased their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $125.64.

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.