Fjarde AP Fonden Fourth Swedish National Pension Fund Has $32.97 Million Stake in The Walt Disney Company (NYSE:DIS)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in The Walt Disney Company (NYSE:DIS) 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 period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Walt Disney were worth $32,971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its holdings in Walt Disney by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant’s stock worth $10,377,000 after acquiring an additional 4,878 shares during the period. Ballentine Partners LLC grew its holdings in Walt Disney by 10.5% during the 3rd quarter. Ballentine Partners LLC now owns 24,394 shares of the entertainment giant’s stock worth $2,346,000 after acquiring an additional 2,310 shares during the period. Sigma Investment Counselors Inc. grew its holdings in Walt Disney by 6.8% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,039 shares of the entertainment giant’s stock worth $389,000 after acquiring an additional 258 shares during the period. Shayne & Jacobs LLC grew its holdings in Walt Disney by 11.9% during the 3rd quarter. Shayne & Jacobs LLC now owns 29,260 shares of the entertainment giant’s stock worth $2,815,000 after acquiring an additional 3,113 shares during the period. Finally, Pavion Blue Capital LLC grew its holdings in Walt Disney by 2.4% during the 3rd quarter. Pavion Blue Capital LLC now owns 55,811 shares of the entertainment giant’s stock worth $5,368,000 after acquiring an additional 1,304 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other 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 sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DIS has been the subject of a number of recent analyst reports. Citigroup reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Bank of America increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Sanford C. Bernstein increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Loop Capital increased their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.44.

Walt Disney Price Performance

Walt Disney stock opened at $108.62 on Friday. The company’s 50 day moving average price is $110.70 and its two-hundred day moving average price is $102.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The stock has a market cap of $196.37 billion, a P/E ratio of 35.38, a P/E/G ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

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

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.