The Walt Disney Company (NYSE:DIS) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 250,312 shares of the entertainment giant's stock after acquiring an additional 5,704 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Walt Disney were worth $24,706,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Walt Disney by 2.0% during the fourth quarter. Advisors Asset Management Inc. now owns 29,980 shares of the entertainment giant's stock valued at $3,338,000 after buying an additional 596 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Walt Disney during the fourth quarter valued at $65,000. iA Global Asset Management Inc. grew its stake in Walt Disney by 8.2% in the fourth quarter. iA Global Asset Management Inc. now owns 4,919 shares of the entertainment giant's stock valued at $548,000 after purchasing an additional 373 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its stake in Walt Disney by 1.1% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 14,204 shares of the entertainment giant's stock valued at $1,589,000 after purchasing an additional 154 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. UBS Group raised their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and raised their price target for the stock from $100.00 to $144.00 in a report on Monday, June 30th. Finally, Rosenblatt Securities lifted their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $128.13.

Insider Buying and Selling at Walt Disney

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 value of $110,840.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

NYSE:DIS traded up $1.90 during mid-day trading on Wednesday, reaching $122.96. 2,554,511 shares of the stock were exchanged, compared to its average volume of 9,934,700. The company has a 50 day simple moving average of $117.00 and a 200-day simple moving average of $106.95. The stock has a market capitalization of $221.05 billion, a P/E ratio of 25.16, a P/E/G ratio of 1.77 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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 company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the business posted $1.21 EPS. The company's revenue was up 7.0% on a year-over-year basis. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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.