The Walt Disney Company $DIS Stock Holdings Lessened by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio reduced its stake in Walt Disney by 1.1%, owning 738,653 shares valued at approximately $91.6 million as of the latest reporting period.
• Several institutional investors, including Vanguard Group and UBS Asset Management, increased their holdings in Walt Disney, highlighting a continued interest in the stock with 65.71% owned by institutional investors.
• Walt Disney's recent earnings report showed an EPS of $1.61, beating estimates, with a revenue of $23.65 billion, indicating a 2.1% increase year-over-year.

Public Employees Retirement System of Ohio cut its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 738,653 shares of the entertainment giant's stock after selling 8,433 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Walt Disney were worth $91,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Vanguard Group Inc. increased its stake in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney in the second quarter worth about $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after acquiring an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Walt Disney by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after acquiring an additional 717,066 shares during the period. Finally, Amundi lifted its position in shares of Walt Disney by 11.4% in the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant's stock valued at $1,468,873,000 after acquiring an additional 1,520,513 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Loop Capital boosted their target price 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. Stephens reissued a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Tuesday. Rosenblatt Securities increased their target price on shares of Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, Susquehanna reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Price Performance

NYSE DIS opened at $112.21 on Wednesday. The firm has a market cap of $201.74 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.63 and a beta of 1.55. The stock's 50-day moving average is $117.43 and its two-hundred day moving average is $109.24. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. 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 released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 earnings per share. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.