Strs Ohio Takes Position in The Walt Disney Company $DIS

Strs Ohio acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 874,146 shares of the entertainment giant’s stock, valued at approximately $86,278,000.

Other hedge funds have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the first quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Copia Wealth Management purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Trading Down 1.2%

NYSE DIS opened at $115.91 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $208.40 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.55. The company’s 50-day simple moving average is $118.64 and its two-hundred day simple moving average is $108.95. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.