Public Employees Retirement System of Ohio Has $86.14 Million Stake in The Walt Disney Company (NYSE:DIS)

Public Employees Retirement System of Ohio trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 773,558 shares of the entertainment giant's stock after selling 45,720 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Walt Disney were worth $86,136,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DIS. Norges Bank acquired a new position in Walt Disney during the fourth quarter worth $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Jennison Associates LLC grew its position in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $358,151,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.6%

Shares of DIS opened at $111.08 on Friday. The stock has a market cap of $199.69 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company has a 50-day moving average price of $95.68 and a two-hundred day moving average price of $105.09.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Guggenheim lowered their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Morgan Stanley raised their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.54.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney 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.

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