The Walt Disney Company $DIS Shares Sold by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue reduced its holdings in The Walt Disney Company by 4.9% in the second quarter, now owning 201,658 shares worth approximately $25 million.
• Institutional investors currently hold 65.71% of Walt Disney's stock, with significant increases from firms like Wedge Capital Management and J. Safra Sarasin Holding AG.
• Walt Disney reported earnings per share of $1.61 for the quarter, surpassing analysts' estimates, while its revenue reached $23.65 billion, marking a 2.1% year-over-year increase.

State of Alaska Department of Revenue cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,658 shares of the entertainment giant's stock after selling 10,285 shares during the period. State of Alaska Department of Revenue's holdings in Walt Disney were worth $25,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. J. Safra Sarasin Holding AG boosted its position in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock worth $21,983,000 after buying an additional 16,781 shares during the period. Planning Directions Inc. acquired a new stake in Walt Disney in the first quarter worth approximately $326,000. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney in the second quarter worth approximately $4,220,599,000. Wedge Capital Management L L P NC lifted its position in Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant's stock worth $39,724,000 after purchasing an additional 316,707 shares during the period. Finally, WoodTrust Financial Corp lifted its position in Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after purchasing an additional 6,047 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research analyst reports. Susquehanna restated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday. Finally, Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Price Performance

DIS opened at $113.46 on Friday. The stock has a fifty day moving average of $116.96 and a 200-day moving average of $109.44. The firm has a market capitalization of $203.99 billion, a P/E ratio of 17.78, a PEG ratio of 1.63 and a beta of 1.55. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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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