Norges Bank purchased a new position in shares of The Walt Disney Company (NYSE:DIS – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,992,164 shares of the entertainment giant’s stock, valued at approximately $2,388,278,000. Norges Bank owned 1.18% of Walt Disney as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also bought and sold shares of the business. Pinnacle Bancorp Inc. increased its position in Walt Disney by 1.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 5,876 shares of the entertainment giant’s stock worth $669,000 after acquiring an additional 89 shares during the period. Jim Saulnier & Associates LLC increased its position in Walt Disney by 3.1% during the third quarter. Jim Saulnier & Associates LLC now owns 2,995 shares of the entertainment giant’s stock worth $343,000 after acquiring an additional 90 shares during the period. CFO4Life Group LLC increased its position in Walt Disney by 1.2% during the third quarter. CFO4Life Group LLC now owns 7,894 shares of the entertainment giant’s stock worth $904,000 after acquiring an additional 92 shares during the period. Stonebrook Private Inc. increased its position in Walt Disney by 4.1% during the third quarter. Stonebrook Private Inc. now owns 2,357 shares of the entertainment giant’s stock worth $270,000 after acquiring an additional 92 shares during the period. Finally, Y.D. More Investments Ltd increased its position in Walt Disney by 21.9% during the third quarter. Y.D. More Investments Ltd now owns 524 shares of the entertainment giant’s stock worth $60,000 after acquiring an additional 94 shares during the period. 65.71% of the stock is owned by institutional investors.
More Walt Disney News
Here are the key news stories impacting Walt Disney this week:
- Positive Sentiment: Analysts remain upbeat on Disney despite the stock lagging the Nasdaq over the past year, which could help support sentiment around valuation and future upside. Is Walt Disney Stock Underperforming the Nasdaq?
- Positive Sentiment: Disney is continuing to refresh major theme-park attractions, including a major overhaul of Carousel of Progress and other ride updates, which may bolster park traffic and reinforce the company’s theme-park growth strategy. How Disney’s Strategy To Refresh Attractions Is Working In Their Favor
- Positive Sentiment: Disney and Philips announced a partnership to bring Disney characters into MRI experiences for children, a brand-expanding move that highlights Disney’s licensing power and consumer reach beyond entertainment. Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams
- Positive Sentiment: Commentary suggesting Disney stock could rebound in June may be helping investor sentiment, especially after the company’s solid recent earnings beat and revenue growth. 3 Reasons to Buy Disney Stock in June
- Neutral Sentiment: Disney is moving toward a more unified streaming app strategy by deemphasizing the standalone Hulu app, a longer-term operational change with uncertain near-term stock impact. Disney is preparing for a world without the Hulu app
- Negative Sentiment: Disney’s legal fight with the FCC over early ABC station license renewals is creating regulatory overhang and could add uncertainty for its TV business. Disney files early broadcast licenses renewal ‘under protest’ against the FCC
- Negative Sentiment: Disney’s accusation that the FCC’s action is an unlawful suppression of free speech signals a widening dispute that could weigh on sentiment until there is more clarity. Disney accuses Trump’s media regulator of ‘unlawfully’ suppressing free speech
Walt Disney Price Performance
Walt Disney (NYSE:DIS – Get Free Report) last released its earnings results on Wednesday, May 6th. The entertainment giant reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. Walt Disney had a net margin of 11.54% and a return on equity of 8.92%. The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same period last year, the firm earned $1.45 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Walt Disney has set its FY 2026 guidance at 6.640-6.640 EPS. On average, analysts anticipate that The Walt Disney Company will post 6.85 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Walt Disney in a research report on Tuesday, February 3rd. They set an “overweight” rating and a $135.00 price target on the stock. UBS Group reissued a “mixed” rating on shares of Walt Disney in a report on Monday, February 2nd. Wells Fargo & Company decreased their target price on shares of Walt Disney from $148.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Barclays raised their target price on shares of Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Phillip Securities raised shares of Walt Disney from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.47.
Check Out Our Latest Stock Analysis on Walt Disney
Walt Disney Profile
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.
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