Varma Mutual Pension Insurance Co Raises Stock Position in The Walt Disney Company $DIS

Varma Mutual Pension Insurance Co boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 290,594 shares of the entertainment giant’s stock after buying an additional 5,700 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Walt Disney were worth $33,061,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Strengthening Families & Communities LLC purchased a new position in Walt Disney during the third quarter worth about $29,000. JPL Wealth Management LLC purchased a new position in Walt Disney during the third quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the third quarter worth about $33,000. Bare Financial Services Inc raised its stake in Walt Disney by 48.5% during the third quarter. Bare Financial Services Inc now owns 291 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 95 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in Walt Disney during the fourth quarter worth about $37,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of DIS opened at $103.18 on Monday. The Walt Disney Company has a fifty-two week low of $89.61 and a fifty-two week high of $124.69. The firm’s 50 day moving average price is $100.85 and its 200 day moving average price is $106.73. The company has a market cap of $182.79 billion, a P/E ratio of 15.17, a PEG ratio of 1.44 and a beta of 1.41. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS) last announced its earnings results on Monday, February 2nd. The entertainment giant reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.06. Walt Disney had a net margin of 12.80% and a return on equity of 8.90%. The firm had revenue of $25.98 billion for the quarter, compared to the consensus estimate of $25.54 billion. During the same period in the prior year, the firm earned $1.40 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 6.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Walt Disney from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. TD Cowen reissued a “hold” rating and issued a $123.00 price target on shares of Walt Disney in a research note on Tuesday, February 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $151.00 price target on shares of Walt Disney in a research note on Monday, February 2nd. Morgan Stanley assumed coverage on shares of Walt Disney in a research note on Tuesday, February 3rd. They issued an “overweight” rating and a $135.00 price target on the stock. Finally, Weiss Ratings raised shares of Walt Disney from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.53.

About Walt Disney

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.