Kentucky Retirement Systems Insurance Trust Fund Sells 5,105 Shares of The Walt Disney Company (NYSE:DIS)

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,696 shares of the entertainment giant’s stock after selling 5,105 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Walt Disney were worth $5,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC lifted its stake in Walt Disney by 1.4% in the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 108 shares in the last quarter. Connable Office Inc. increased its holdings in shares of Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after purchasing an additional 108 shares during the last quarter. ADE LLC lifted its position in shares of Walt Disney by 4.6% in the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after buying an additional 110 shares in the last quarter. Cozad Asset Management Inc. boosted its stake in Walt Disney by 1.9% during the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after buying an additional 110 shares during the last quarter. Finally, Absher Wealth Management LLC grew its holdings in Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $115.06 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock’s fifty day moving average price is $95.57 and its 200-day moving average price is $96.79. The firm has a market cap of $208.67 billion, a P/E ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DIS. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Bank of America boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company increased their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday. Finally, Evercore ISI boosted their price objective on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $123.57.

Walt Disney Company 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.