Elo Mutual Pension Insurance Co Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Elo Mutual Pension Insurance Co lessened its stake in The Walt Disney Company (NYSE:DIS) by 4.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 165,504 shares of the entertainment giant’s stock after selling 7,757 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Walt Disney were worth $18,429,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DIS. Brookstone Capital Management raised its stake in Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after purchasing an additional 13,339 shares during the last quarter. Greystone Financial Group LLC grew its holdings in Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after buying an additional 9,967 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Walt Disney in the 4th quarter worth $15,125,000. Swedbank AB raised its holdings in shares of Walt Disney by 14.4% during the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock worth $374,336,000 after acquiring an additional 422,339 shares during the period. Finally, FourThought Financial Partners LLC acquired a new position in Walt Disney in the 4th quarter valued at about $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.9 %

Shares of NYSE:DIS opened at $100.65 on Thursday. 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 50 day simple moving average of $107.61 and a 200-day simple moving average of $105.04. The company has a market capitalization of $181.95 billion, a PE ratio of 32.79, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

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

Wall Street Analyst Weigh In

DIS has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Morgan Stanley boosted their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Finally, Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.64.

About Walt Disney

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.