Kentucky Retirement Systems Insurance Trust Fund Reduces Stake in The Walt Disney Company (NYSE:DIS)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,827 shares of the entertainment giant's stock after selling 5,047 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Walt Disney were worth $5,214,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Childress Capital Advisors LLC increased its stake in shares of Walt Disney by 24.8% in the first quarter. Childress Capital Advisors LLC now owns 2,662 shares of the entertainment giant's stock worth $263,000 after acquiring an additional 529 shares during the period. Cullinan Associates Inc. boosted its holdings in Walt Disney by 4.1% in the first quarter. Cullinan Associates Inc. now owns 76,552 shares of the entertainment giant's stock valued at $7,556,000 after purchasing an additional 3,030 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in Walt Disney during the 1st quarter worth about $107,000. First PREMIER Bank grew its position in Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, Garde Capital Inc. raised its stake in shares of Walt Disney by 17.4% during the 1st quarter. Garde Capital Inc. now owns 2,650 shares of the entertainment giant's stock valued at $262,000 after buying an additional 393 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DIS shares. Barclays upped their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Guggenheim dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Finally, Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.96.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Walt Disney Trading Down 0.2%

DIS stock opened at $117.61 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $120.50. The business's 50-day moving average is $104.69 and its 200 day moving average is $105.80. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a market cap of $211.44 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.72 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the business posted $1.21 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.

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