California State Teachers Retirement System Increases Holdings in The Walt Disney Company $DIS

Key Points

• California State Teachers Retirement System dramatically increased its Disney stake by purchasing 259.2 million additional shares in the second quarter, bringing its total to 261.9 million shares valued at approximately $25.2 billion, or 15.17% of the company.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 65.71% of Disney’s stock. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $127.61.
• Disney’s latest quarter showed mixed results: adjusted EPS of $2.06 beat estimates of $1.86, while revenue of $25.25 billion fell slightly short of forecasts but increased 6.8% year over year.

California State Teachers Retirement System lifted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 9,500.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,941,488 shares of the entertainment giant's stock after purchasing an additional 259,213,056 shares during the period. California State Teachers Retirement System owned about 15.17% of Walt Disney worth $25,211,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Walt Disney by 2.3% in the 4th quarter. State Street Corp now owns 83,873,646 shares of the entertainment giant's stock worth $9,604,567,000 after purchasing an additional 1,853,897 shares during the period. Geode Capital Management LLC grew its holdings in Walt Disney by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 40,588,604 shares of the entertainment giant's stock valued at $4,597,804,000 after purchasing an additional 1,361,888 shares during the period. J. Stern & Co. LLP increased its position in Walt Disney by 9,060.1% in the fourth quarter. J. Stern & Co. LLP now owns 38,135,363 shares of the entertainment giant's stock worth $4,338,660,000 after buying an additional 37,719,041 shares during the last quarter. Norges Bank purchased a new stake in Walt Disney in the fourth quarter worth $2,388,278,000. Finally, Invesco Ltd. raised its stake in shares of Walt Disney by 16.2% in the fourth quarter. Invesco Ltd. now owns 15,106,105 shares of the entertainment giant's stock valued at $1,718,622,000 after buying an additional 2,111,189 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIS. Citigroup dropped their price target on Walt Disney from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, July 29th. Wolfe Research set a $131.00 price objective on Walt Disney in a report on Tuesday, June 30th. UBS Group set a $115.00 price objective on Walt Disney in a research note on Monday, August 24th. Argus reaffirmed a "buy" rating and set a $134.00 price objective on shares of Walt Disney in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $127.61.

Walt Disney Price Performance

Walt Disney stock opened at $105.36 on Tuesday. The firm has a market capitalization of $181.92 billion, a P/E ratio of 21.72, a PEG ratio of 1.32 and a beta of 1.41. The Walt Disney Company has a one year low of $92.18 and a one year high of $119.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.65. The business has a fifty day moving average price of $101.37 and a 200-day moving average price of $101.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The entertainment giant reported $2.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.20. Walt Disney had a return on equity of 9.90% and a net margin of 8.70%.The company had revenue of $25.25 billion for the quarter, compared to analyst estimates of $25.39 billion. During the same period in the previous year, the company posted $1.61 EPS. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. Walt Disney has set its FY 2026 guidance at 6.642-6.642 EPS. As a group, equities research analysts forecast that The Walt Disney Company will post 6.91 EPS for the current year.

Trending Headlines about Walt Disney

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

• Positive Sentiment: Disney’s latest quarter marked its fifth consecutive earnings beat, according to an investor-focused forecast that projects the stock could reach $130 before 2028 if earnings growth and valuation improve. The forecast is speculative, but it highlights potential upside from continued profit execution. Prediction: Disney Will Hit $130 on This Date
• Positive Sentiment: A Disney parks operator has taken over a zoo, potentially expanding the company’s attractions and location-based entertainment footprint. The financial contribution was not specified, so the near-term impact appears limited. The Disney Park Operator That Has Just Taken Over A Zoo
• Positive Sentiment: Walt Disney World reopened a historic golf course following upgrades, restoring another guest offering and potentially supporting resort activity. Walt Disney World Reopens Historic Golf Course After Upgrades
• Neutral Sentiment: Disney agreed to a $50 million antitrust settlement involving YouTube TV and DirecTV subscribers. The resolution removes litigation uncertainty but creates a modest financial cost; eligible consumers have until September 8 to seek compensation. Disney Settled an Antitrust Case for $50 Million
• Neutral Sentiment: Disney confirmed changes and refurbishment work involving attractions at its parks, including a Finding Nemo-related ride and a replacement for a Magic Kingdom attraction. These projects may improve the guest experience over time but could temporarily reduce capacity. Finding Nemo Attraction Refurbishment
• Negative Sentiment: Reports that Disney World crowds suddenly declined during a major holiday weekend raise concerns about near-term attendance, spending and resort utilization. Disney World Crowds Suddenly Drop
• Negative Sentiment: Disney reportedly closed Steakhouse 71 at the Contemporary Resort and is also shutting down its online store, signaling possible cost-cutting or portfolio rationalization. The closures are unlikely to materially affect Disney’s overall earnings alone, but they add to concerns about demand and retail strategy. Disney Shuts Down Online Store

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Paul M. Roeder sold 3,596 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $106.32, for a total value of $382,326.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 3,618 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $107.13, for a total transaction of $387,596.34. Following the completion of the transaction, the executive vice president directly owned 62,328 shares in the company, valued at approximately $6,677,198.64. The trade was a 5.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 14,452 shares of company stock worth $1,532,157. Insiders own 0.17% of the company's stock.

Walt Disney Company 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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