The Walt Disney Company (NYSE:DIS) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in The Walt Disney Company (NYSE:DIS) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,708 shares of the entertainment giant’s stock after selling 4,547 shares during the period. Maryland State Retirement & Pension System’s holdings in Walt Disney were worth $12,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DIS. Moneta Group Investment Advisors LLC grew its stake in shares of Walt Disney by 109,924.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after purchasing an additional 23,644,765 shares during the last quarter. Norges Bank acquired a new position in Walt Disney during the fourth quarter worth $1,433,075,000. Providence Capital Advisors LLC raised its holdings in Walt Disney by 11,064.4% during the first quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock worth $109,679,000 after purchasing an additional 10,883,859 shares during the last quarter. Trian Fund Management L.P. purchased a new stake in shares of Walt Disney in the fourth quarter valued at $784,509,000. Finally, Morgan Stanley lifted its position in shares of Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares in the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.

Walt Disney Trading Up 1.3 %

Shares of NYSE DIS opened at $85.58 on Monday. The company has a market cap of $156.59 billion, a price-to-earnings ratio of 69.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.28. The Walt Disney Company has a 12-month low of $79.75 and a 12-month high of $118.18. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $85.78 and its 200 day simple moving average is $91.59.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The business 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 revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. Equities research analysts expect that The Walt Disney Company will post 3.68 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DIS shares. KeyCorp reduced their target price on Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 25th. Barclays dropped their price target on Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Atlantic Securities lowered Walt Disney from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Rosenblatt Securities upped their price target on Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, September 12th. Finally, Loop Capital lowered their target price on Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.35.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of Walt Disney stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the sale, the executive vice president now 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 hyperlink. 0.10% of the stock is owned by company insiders.

Walt Disney 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.