Kentucky Retirement Systems Has $13.64 Million Stake in The Walt Disney Company (NYSE:DIS)

Kentucky Retirement Systems reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,378 shares of the entertainment giant’s stock after selling 1,924 shares during the quarter. Kentucky Retirement Systems’ holdings in Walt Disney were worth $13,640,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Marathon Trading Investment Management LLC grew its holdings in shares of Walt Disney by 333.0% during the second quarter. Marathon Trading Investment Management LLC now owns 7,802 shares of the entertainment giant’s stock valued at $775,000 after buying an additional 6,000 shares in the last quarter. Seven Eight Capital LP purchased a new position in Walt Disney during the 2nd quarter valued at about $3,232,000. Beck Bode LLC increased its holdings in shares of Walt Disney by 4,132.4% in the 2nd quarter. Beck Bode LLC now owns 73,982 shares of the entertainment giant’s stock valued at $7,346,000 after purchasing an additional 72,234 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Walt Disney by 5.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 139,002 shares of the entertainment giant’s stock worth $12,707,000 after purchasing an additional 7,718 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Walt Disney by 6.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 67,092 shares of the entertainment giant’s stock worth $6,662,000 after purchasing an additional 4,349 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $93.59 on Thursday. The company has a market capitalization of $170.62 billion, a PE ratio of 101.73, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company’s fifty day moving average price is $90.80 and its 200 day moving average price is $102.16.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DIS shares. Barclays cut their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Morgan Stanley lowered their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Moffett Nathanson cut their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

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.