State Board of Administration of Florida Retirement System Decreases Holdings in The Walt Disney Company (NYSE:DIS)

State Board of Administration of Florida Retirement System lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,968,620 shares of the entertainment giant’s stock after selling 25,710 shares during the period. State Board of Administration of Florida Retirement System owned 0.11% of Walt Disney worth $197,118,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in shares of Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after purchasing an additional 5,499,014 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Walt Disney by 2.1% in the first quarter. Geode Capital Management LLC now owns 32,495,462 shares of the entertainment giant’s stock valued at $3,245,185,000 after acquiring an additional 671,806 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Walt Disney by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock worth $2,358,578,000 after acquiring an additional 3,023,997 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in 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. Finally, Norges Bank purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $1,433,075,000. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $83.48 on Thursday. The Walt Disney Company has a 1 year low of $79.75 and a 1 year high of $118.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The firm has a 50 day moving average price of $86.05 and a 200 day moving average price of $91.91. The company has a market cap of $152.75 billion, a price-to-earnings ratio of 67.87, a PEG ratio of 1.62 and a beta of 1.28.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 EPS. Sell-side analysts predict that The Walt Disney Company will post 3.68 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DIS shares. StockNews.com initiated coverage on shares of Walt Disney in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Morgan Stanley reduced their price objective on Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, July 26th. Atlantic Securities downgraded Walt Disney from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Finally, Credit Suisse Group cut their target price on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a research report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $115.35.

About Walt Disney

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.