Forsta AP Fonden Decreases Position in The Walt Disney Company $DIS

Forsta AP Fonden decreased its holdings in The Walt Disney Company (NYSE:DIS) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 483,400 shares of the entertainment giant’s stock after selling 1,700 shares during the quarter. Forsta AP Fonden’s holdings in Walt Disney were worth $59,946,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DIS. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney during the 2nd quarter worth about $4,220,599,000. Nuveen LLC acquired a new position in shares of Walt Disney during the first quarter worth about $1,353,607,000. Boston Partners increased its stake in shares of Walt Disney by 83.7% during the second quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock worth $854,537,000 after buying an additional 3,146,450 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after buying an additional 2,578,004 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. UBS Group lifted their price target on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Stock Performance

Shares of DIS stock opened at $114.93 on Wednesday. The stock’s 50-day moving average is $113.26 and its two-hundred day moving average is $114.33. 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 Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a market cap of $206.64 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.45 and a beta of 1.55.

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.