Nordea Investment Management AB Boosts Stake in The Walt Disney Company $DIS

Nordea Investment Management AB lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 53.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,807,113 shares of the entertainment giant’s stock after purchasing an additional 972,648 shares during the period. Nordea Investment Management AB’s holdings in Walt Disney were worth $346,454,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. J. Safra Sarasin Holding AG boosted its stake in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Planning Directions Inc. purchased a new position in Walt Disney in the 1st quarter valued at about $326,000. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney in the 2nd quarter valued at about $4,220,599,000. Wedge Capital Management L L P NC lifted its stake in Walt Disney by 8,744.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares in the last quarter. Finally, WoodTrust Financial Corp lifted its stake in Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $109.82 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $197.45 billion, a P/E ratio of 17.21, a PEG ratio of 1.47 and a beta of 1.54. The company has a 50 day moving average price of $114.89 and a 200 day moving average price of $110.66. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.39 EPS. Equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DIS. Evercore ISI raised their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Guggenheim raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Rosenblatt Securities raised their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

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.