Texas Permanent School Fund Corp Raises Stake in The Walt Disney Company (NYSE:DIS)

Texas Permanent School Fund Corp raised its stake in The Walt Disney Company (NYSE:DIS) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 379,167 shares of the entertainment giant’s stock after buying an additional 1,375 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Walt Disney were worth $46,395,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. swisspartners Advisors Ltd grew its holdings in Walt Disney by 4.7% in the 1st quarter. swisspartners Advisors Ltd now owns 50,613 shares of the entertainment giant’s stock valued at $6,193,000 after buying an additional 2,280 shares in the last quarter. Beacon Bridge Wealth Partners LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at $254,000. 9258 Wealth Management LLC lifted its stake in shares of Walt Disney by 23.7% in the 1st quarter. 9258 Wealth Management LLC now owns 7,775 shares of the entertainment giant’s stock valued at $951,000 after purchasing an additional 1,488 shares during the last quarter. Team Hewins LLC lifted its stake in shares of Walt Disney by 1.5% in the 1st quarter. Team Hewins LLC now owns 10,375 shares of the entertainment giant’s stock valued at $1,269,000 after purchasing an additional 157 shares during the last quarter. Finally, Csenge Advisory Group lifted its stake in shares of Walt Disney by 8.3% in the 1st quarter. Csenge Advisory Group now owns 19,252 shares of the entertainment giant’s stock valued at $2,356,000 after purchasing an additional 1,475 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Down 0.4 %

Shares of DIS traded down $0.37 during mid-day trading on Thursday, reaching $96.60. The company’s stock had a trading volume of 7,423,703 shares, compared to its average volume of 11,356,775. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The stock has a market cap of $176.11 billion, a PE ratio of 105.00, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The company’s 50 day moving average is $102.44 and its 200 day moving average is $104.95.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts anticipate that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DIS shares. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. started coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target on the stock. Macquarie upped their price target on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Barclays decreased their price target on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company increased their target price on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $126.44.

Walt Disney Profile

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.