California Public Employees Retirement System Buys 257,273 Shares of The Walt Disney Company $DIS

Key Points

• CalPERS increased its Walt Disney stake by 8.2%, buying 257,273 shares to hold 3,395,986 shares worth about $388.84 million (roughly 0.19% of the company).
• Other large institutions — including Norges Bank, Viking Global, Assenagon and Boston Partners — also built sizable positions, and institutional investors now own about 65.71% of Disney.
• Disney beat Q1 estimates (EPS $1.63 vs. $1.57) with revenue up 5.2%, and analysts assign a consensus rating of Moderate Buy with an average price target of $135.80 despite mixed individual ratings.

California Public Employees Retirement System grew its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,395,986 shares of the entertainment giant's stock after buying an additional 257,273 shares during the quarter. California Public Employees Retirement System owned 0.19% of Walt Disney worth $388,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in DIS. Norges Bank bought a new position in Walt Disney in the 2nd quarter worth $2,618,295,000. Viking Global Investors LP purchased a new position in shares of Walt Disney during the 2nd quarter valued at about $725,219,000. Assenagon Asset Management S.A. grew its stake in shares of Walt Disney by 231.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,711,353 shares of the entertainment giant's stock valued at $539,450,000 after acquiring an additional 3,289,707 shares during the period. Boston Partners grew its stake in shares of Walt Disney by 84.2% during the 2nd quarter. Boston Partners now owns 6,921,229 shares of the entertainment giant's stock valued at $856,582,000 after acquiring an additional 3,162,938 shares during the period. Finally, Laurel Wealth Advisors LLC increased its holdings in Walt Disney by 11,943.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,827,112 shares of the entertainment giant's stock worth $350,590,000 after acquiring an additional 2,803,638 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

More Walt Disney News

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Walt Disney World set reopening dates for several refreshed attractions (including the revamped Buzz Lightyear ride and Big Thunder Mountain), which should help drive park traffic and F&B/merchandise spend as seasonal travel picks up. Walt Disney World announces reopening dates for Buzz Lightyear, Big Thunder Mountain
• Positive Sentiment: Disney is rolling out new family experiences and a "Cool KIDS' SUMMER" program with refreshed attractions and summer savings, plus the return of select free-dining promotions — initiatives that can stimulate bookings and incremental park revenue for the high season. Walt Disney World Launches New Family Experiences, Refreshed Attractions and Summer Savings for Cool KIDS' SUMMER
• Positive Sentiment: Disney+ content additions: the children’s hit Bluey is getting a firm arrival date on Disney+, and a new Star Wars series (Maul: Shadow Lord) launches in April — fresh originals that help engagement and retention on the streaming platform. Disney World Announces Exactly When Bluey Will Finally Arrive
• Positive Sentiment: Leadership update: Disney named Paul Roeder as Chief Communications Officer (effective March 19), a senior internal hire under incoming CEO Josh D’Amaro that suggests management is stabilizing communications and strategy ahead of operational initiatives. Paul Roeder Named Chief Communications Officer of The Walt Disney Company
• Neutral Sentiment: Promotional/consumer coverage such as guides to park footwear and lifestyle pieces are driving consumer interest but have little direct financial impact; they do reflect ongoing consumer engagement with the parks. I Visit Disney World Every Month & These Are the Most Supportive Sneakers for Walking 10+ Miles at the Parks
• Neutral Sentiment: Analyst/market takes: commentary noting Disney's attractive valuation and strategic moves (e.g., NFL rights) highlight upside catalysts but caution about lingering execution risks; these views can influence investor sentiment without immediate revenue impact. Walt Disney Stock Looks Cheap. But Is It a Buy?
• Negative Sentiment: Ad-revenue competition: a report highlights YouTube generating more ad revenue in 2025 than Disney and several legacy media companies, underlining margin pressure and the challenge of monetizing streaming at scale. YouTube Out Earns Disney, Paramount, Warner Bros, and More Just From Ad Revenue in 2025

Analyst Upgrades and Downgrades

A number of research firms have commented on DIS. Morgan Stanley started coverage on shares of Walt Disney in a research note on Tuesday, February 3rd. They set an "overweight" rating and a $135.00 target price on the stock. UBS Group reissued a "mixed" rating on shares of Walt Disney in a research note on Monday, February 2nd. Weiss Ratings cut shares of Walt Disney from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, February 3rd. Jefferies Financial Group dropped their target price on shares of Walt Disney from $136.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, February 3rd. Finally, Guggenheim reissued a "buy" rating and set a $140.00 price target on shares of Walt Disney in a report on Tuesday, February 3rd. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.80.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $99.29 on Friday. The firm has a market cap of $175.89 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.35 and a beta of 1.42. The firm has a fifty day moving average price of $107.75 and a 200 day moving average price of $110.34. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The entertainment giant reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.06. Walt Disney had a net margin of 12.80% and a return on equity of 8.90%. The company had revenue of $25.98 billion for the quarter, compared to the consensus estimate of $25.54 billion. During the same period in the previous year, the firm posted $1.40 EPS. Walt Disney's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Profile

The Walt Disney Company NYSE: DIS, commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney's operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.

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