Public Employees Retirement Association of Colorado Has $25.25 Million Position in The Walt Disney Company (NYSE:DIS)

Public Employees Retirement Association of Colorado decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,317 shares of the entertainment giant’s stock after selling 7,042 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Walt Disney were worth $25,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its stake in Walt Disney by 84.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after acquiring an additional 916,772 shares in the last quarter. Jennison Associates LLC bought a new position in Walt Disney in the 1st quarter valued at approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Walt Disney by 4.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after buying an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. grew its stake in shares of Walt Disney by 41.3% during the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock worth $21,523,000 after buying an additional 51,400 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Walt Disney by 555.9% during the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after buying an additional 810,923 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Walt Disney Price Performance

Shares of DIS opened at $93.69 on Friday. The firm has a market cap of $170.80 billion, a PE ratio of 101.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The business’s 50 day moving average price is $90.67 and its two-hundred day moving average price is $101.96.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. 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 prior year, the firm earned $1.03 earnings per share. Walt Disney’s revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Bank of America cut their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Macquarie reduced their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Moffett Nathanson reduced their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Finally, Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $118.43.

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.