The Walt Disney Company (NYSE:DIS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,319,741 shares of the entertainment giant's stock after selling 19,184 shares during the period. New York State Common Retirement Fund owned 0.13% of Walt Disney worth $228,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Brighton Jones LLC boosted its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Walt Disney by 13.6% in the 4th quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant's stock valued at $1,872,000 after purchasing an additional 2,016 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in Walt Disney by 13.1% in the 4th quarter. Intact Investment Management Inc. now owns 10,550 shares of the entertainment giant's stock valued at $1,175,000 after purchasing an additional 1,220 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in Walt Disney in the 4th quarter valued at about $11,175,000. Finally, Catalyst Funds Management Pty Ltd acquired a new position in Walt Disney in the 4th quarter valued at about $624,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS stock traded up $0.09 during trading on Monday, reaching $119.96. 1,194,266 shares of the company were exchanged, compared to its average volume of 9,970,569. The company has a market cap of $215.65 billion, a P/E ratio of 24.53, a PEG ratio of 1.75 and a beta of 1.56. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock's 50 day moving average price is $114.90 and its 200 day moving average price is $106.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. As a group, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the company from $100.00 to $144.00 in a research note on Monday, June 30th. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $127.35.

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.