KLP Kapitalforvaltning AS Takes $78.60 Million Position in The Walt Disney Company (NYSE:DIS)

KLP Kapitalforvaltning AS bought a new stake in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, Holdings Channel.com reports. The fund bought 703,212 shares of the entertainment giant’s stock, valued at approximately $78,601,000.

A number of other institutional investors have also recently modified their holdings of DIS. United Bank boosted its holdings in Walt Disney by 6.2% in the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after buying an additional 712 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Walt Disney in the 3rd quarter worth about $101,000. Advisors Asset Management Inc. boosted its holdings in Walt Disney by 7.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 29,384 shares of the entertainment giant’s stock worth $2,826,000 after buying an additional 2,110 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Walt Disney by 3.7% in the 3rd quarter. Pacer Advisors Inc. now owns 134,529 shares of the entertainment giant’s stock worth $12,940,000 after buying an additional 4,842 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in Walt Disney by 49.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 15,000 shares of the entertainment giant’s stock worth $1,485,000 after buying an additional 4,947 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Macquarie reissued a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Stock Performance

Shares of DIS stock opened at $99.51 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $108.04 and a 200 day moving average price of $104.58. The company has a market cap of $179.89 billion, a P/E ratio of 32.41, a PEG ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

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

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.