Arizona State Retirement System Purchases 5,503 Shares of The Walt Disney Company (NYSE:DIS)

Arizona State Retirement System raised its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 531,461 shares of the entertainment giant's stock after purchasing an additional 5,503 shares during the quarter. Arizona State Retirement System's holdings in Walt Disney were worth $52,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Ballentine Partners LLC grew its holdings in Walt Disney by 1.1% during the first quarter. Ballentine Partners LLC now owns 26,928 shares of the entertainment giant's stock worth $2,658,000 after purchasing an additional 283 shares during the period. Independent Investors Inc. raised its position in shares of Walt Disney by 0.3% in the first quarter. Independent Investors Inc. now owns 45,401 shares of the entertainment giant's stock valued at $4,481,000 after buying an additional 137 shares in the last quarter. Gateway Wealth Partners LLC raised its position in shares of Walt Disney by 4.8% in the first quarter. Gateway Wealth Partners LLC now owns 3,092 shares of the entertainment giant's stock valued at $305,000 after buying an additional 142 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of Walt Disney by 13.2% in the first quarter. SteelPeak Wealth LLC now owns 15,764 shares of the entertainment giant's stock valued at $1,556,000 after buying an additional 1,843 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its position in Walt Disney by 16.9% during the first quarter. Diversify Wealth Management LLC now owns 44,864 shares of the entertainment giant's stock valued at $4,090,000 after purchasing an additional 6,497 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $1.07 on Tuesday, reaching $118.90. 7,938,469 shares of the company traded hands, compared to its average volume of 10,000,776. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a 50 day moving average of $115.46 and a 200 day moving average of $106.68. The firm has a market capitalization of $213.75 billion, a PE ratio of 24.31, a PEG ratio of 1.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. UBS Group upped their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Finally, Guggenheim upped their price objective 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. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $127.35.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is 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.