Ilmarinen Mutual Pension Insurance Co Has $14.02 Million Position in The Walt Disney Company (NYSE:DIS)

Ilmarinen Mutual Pension Insurance Co increased its position in shares of The Walt Disney Company (NYSE:DIS) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,000 shares of the entertainment giant’s stock after purchasing an additional 15,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Walt Disney were worth $14,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GW Henssler & Associates Ltd. lifted its holdings in Walt Disney by 2.0% during the 1st quarter. GW Henssler & Associates Ltd. now owns 6,825 shares of the entertainment giant’s stock worth $683,000 after purchasing an additional 133 shares during the last quarter. Ridgewood Investments LLC increased its stake in Walt Disney by 31.0% during the 1st quarter. Ridgewood Investments LLC now owns 6,522 shares of the entertainment giant’s stock worth $653,000 after acquiring an additional 1,544 shares during the period. Handelsbanken Fonder AB increased its stake in Walt Disney by 6.5% during the 1st quarter. Handelsbanken Fonder AB now owns 454,608 shares of the entertainment giant’s stock worth $45,520,000 after acquiring an additional 27,767 shares during the period. Regal Partners Ltd bought a new position in Walt Disney during the 4th quarter worth $28,203,000. Finally, Summit Place Financial Advisors LLC increased its stake in Walt Disney by 2.0% during the 1st quarter. Summit Place Financial Advisors LLC now owns 27,634 shares of the entertainment giant’s stock worth $2,767,000 after acquiring an additional 551 shares during the period. 61.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Atlantic Securities lowered Walt Disney from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Loop Capital lowered their price objective on Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. Truist Financial restated a “buy” rating and set a $105.00 price objective on shares of Walt Disney in a research note on Monday, August 21st. Macquarie lowered Walt Disney from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $125.00 to $103.00 in a research note on Friday, May 19th. Finally, Barclays decreased their price target on Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.35.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of Walt Disney stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares of the company’s stock, valued at approximately $85,577.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 1.4 %

NYSE DIS opened at $83.68 on Wednesday. The company has a market cap of $153.12 billion, a price-to-earnings ratio of 68.03, a price-to-earnings-growth ratio of 1.62 and a beta of 1.28. The Walt Disney Company has a twelve month low of $79.75 and a twelve month high of $118.18. The business’s fifty day moving average is $86.05 and its 200 day moving average is $91.91. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $22.33 billion for the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.