State of New Jersey Common Pension Fund D Has $60.54 Million Stock Position in The Walt Disney Company $DIS

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in The Walt Disney Company by 8.2% in the first quarter, holding $60.54 million worth of shares after selling 55,086 shares.
• Notable institutional investors have shifted their holdings, with Nuveen LLC acquiring a stake worth $1.35 billion and DZ BANK AG increasing its shares by 1,900% in a previous quarter.
• Walt Disney reported an EPS of $1.61 for the last quarter, beating estimates, and had a revenue of $23.65 billion, showing a 2.1% increase compared to the previous year.

State of New Jersey Common Pension Fund D lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 613,322 shares of the entertainment giant's stock after selling 55,086 shares during the period. State of New Jersey Common Pension Fund D's holdings in Walt Disney were worth $60,535,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the 1st quarter valued at $26,000. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the fourth quarter valued at about $27,000. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Copia Wealth Management acquired a new stake in Walt Disney during the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney during the 4th quarter worth approximately $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $0.3590 during trading on Tuesday, hitting $116.1910. The stock had a trading volume of 1,869,579 shares, compared to its average volume of 9,741,695. The business has a fifty day moving average of $119.35 and a two-hundred day moving average of $108.08. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market cap of $208.90 billion, a P/E ratio of 18.20, a PEG ratio of 1.67 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the business earned $1.39 earnings per share. Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. raised their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

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.