Skandinaviska Enskilda Banken AB publ Has $61.67 Million Position in The Walt Disney Company (NYSE:DIS)

Skandinaviska Enskilda Banken AB publ raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 69.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 621,771 shares of the entertainment giant's stock after buying an additional 255,867 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Walt Disney were worth $61,667,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gold Investment Management Ltd. acquired a new position in Walt Disney during the fourth quarter valued at $28,000. ESL Trust Services LLC purchased a new stake in shares of Walt Disney in the first quarter worth approximately $31,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $37,000. Mascoma Wealth Management LLC boosted its holdings in shares of Walt Disney by 38.0% during the second 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. Finally, Beaird Harris Wealth Management LLC grew its position in Walt Disney by 30.7% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant's stock valued at $45,000 after purchasing an additional 117 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $0.24 during trading on Friday, reaching $93.69. The company's stock had a trading volume of 19,250,024 shares, compared to its average volume of 11,276,023. The business's fifty day moving average price is $90.67 and its 200-day moving average price is $101.96. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The firm has a market cap of $170.80 billion, a price-to-earnings ratio of 101.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DIS shares. The Goldman Sachs Group started coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a "buy" rating and a $125.00 target price for the company. Evercore ISI cut their price objective on Walt Disney from $128.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Needham & Company LLC lowered their target price on Walt Disney from $145.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Macquarie dropped their target price on Walt Disney from $94.00 to $91.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, UBS Group reduced their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $118.43.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company's stock, valued at $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company's stock.

Walt Disney Company 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.