New York State Common Retirement Fund reduced its holdings in shares of Walt Disney Co (NYSE:DIS) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,308,034 shares of the entertainment giant’s stock after selling 167,460 shares during the period. Walt Disney comprises 0.7% of New York State Common Retirement Fund’s portfolio, making the stock its 20th largest holding. New York State Common Retirement Fund owned 0.24% of Walt Disney worth $623,071,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in DIS. Johanson Financial Advisors Inc. increased its holdings in Walt Disney by 15,514.4% during the fourth quarter. Johanson Financial Advisors Inc. now owns 3,938,107 shares of the entertainment giant’s stock valued at $27,224,000 after buying an additional 3,912,886 shares during the last quarter. State Street Corp increased its holdings in Walt Disney by 2.0% during the third quarter. State Street Corp now owns 74,553,147 shares of the entertainment giant’s stock valued at $9,715,766,000 after buying an additional 1,431,054 shares during the last quarter. M&G Investment Management Ltd. purchased a new stake in Walt Disney during the fourth quarter valued at approximately $194,314,000. California Public Employees Retirement System increased its holdings in Walt Disney by 17.5% during the third quarter. California Public Employees Retirement System now owns 4,939,725 shares of the entertainment giant’s stock valued at $643,745,000 after buying an additional 735,936 shares during the last quarter. Finally, Findlay Park Partners LLP purchased a new stake in Walt Disney during the third quarter valued at approximately $91,224,000. 64.25% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the stock. Bank of America reaffirmed a “buy” rating and set a $168.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Moffett Nathanson reaffirmed a “buy” rating and set a $165.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Argus upped their target price on shares of Walt Disney from $143.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th. Cowen upped their target price on shares of Walt Disney from $154.00 to $159.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Guggenheim increased their price objective on shares of Walt Disney from to in a research note on Wednesday, February 5th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $160.36.
In related news, EVP Alan N. Braverman sold 3,107 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $146.14, for a total transaction of $454,056.98. Following the completion of the transaction, the executive vice president now directly owns 104,358 shares of the company’s stock, valued at $15,250,878.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $152.16, for a total transaction of $608,640.00. Following the transaction, the executive vice president now directly owns 36,479 shares of the company’s stock, valued at $5,550,644.64. The disclosure for this sale can be found here. Insiders have sold 10,258 shares of company stock valued at $1,525,940 over the last ninety days. 0.31% of the stock is currently owned by corporate insiders.
Shares of NYSE DIS opened at $141.85 on Thursday. The firm has a fifty day moving average price of $143.11 and a 200-day moving average price of $139.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.75. The stock has a market cap of $256.10 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 5.21 and a beta of 1.00. Walt Disney Co has a 1 year low of $107.32 and a 1 year high of $153.41.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.09. The firm had revenue of $20.86 billion during the quarter, compared to analysts’ expectations of $20.84 billion. Walt Disney had a net margin of 13.81% and a return on equity of 10.23%. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 earnings per share. On average, research analysts expect that Walt Disney Co will post 5.38 EPS for the current year.
The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 1.2%. Walt Disney’s payout ratio is 30.50%.
About Walt Disney
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.
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