Rhenman & Partners Asset Management AB Sells 1,400 Shares of Walt Disney Co (NYSE:DIS)

Rhenman & Partners Asset Management AB decreased its position in shares of Walt Disney Co (NYSE:DIS) by 40.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,083 shares of the entertainment giant’s stock after selling 1,400 shares during the quarter. Rhenman & Partners Asset Management AB’s holdings in Walt Disney were worth $291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. Litman Gregory Asset Management LLC acquired a new stake in Walt Disney during the 4th quarter valued at approximately $25,000. Centerpoint Advisors LLC increased its position in Walt Disney by 276.5% during the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 141 shares during the period. Crewe Advisors LLC increased its position in Walt Disney by 55.6% during the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Portfolio Solutions LLC acquired a new stake in Walt Disney during the 4th quarter valued at approximately $43,000. Finally, Riverview Trust Co acquired a new stake in Walt Disney during the 4th quarter valued at approximately $48,000. 64.09% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Brent Woodford sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $135.24, for a total transaction of $540,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,423 shares of company stock valued at $22,284,125. Insiders own 0.36% of the company’s stock.

A number of research firms have weighed in on DIS. Imperial Capital increased their target price on shares of Walt Disney from $139.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research report on Friday, April 12th. They set an “overweight” rating and a $137.00 target price for the company. BMO Capital Markets increased their target price on shares of Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Morgan Stanley increased their target price on shares of Walt Disney from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Finally, Bank of America set a $168.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $144.89.

Shares of Walt Disney stock traded up $1.33 during trading hours on Tuesday, hitting $139.63. 3,472,856 shares of the company’s stock traded hands, compared to its average volume of 7,572,084. Walt Disney Co has a 12-month low of $100.35 and a 12-month high of $147.15. The stock has a market capitalization of $255.04 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 4.28 and a beta of 0.96. The stock’s fifty day moving average is $141.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The firm had revenue of $14.92 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the firm posted $1.84 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Walt Disney Co will post 6.57 earnings per share for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 8th were given a dividend of $0.88 per share. The ex-dividend date was Friday, July 5th. Walt Disney’s dividend payout ratio is presently 24.86%.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: QQQ ETF

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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