The Walt Disney Company (NYSE:DIS) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,943 shares of the entertainment giant's stock after buying an additional 5,480 shares during the quarter. State of Alaska Department of Revenue's holdings in Walt Disney were worth $20,918,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Prossimo Advisors LLC increased its position in Walt Disney by 1.1% during the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock worth $972,000 after acquiring an additional 92 shares during the period. Onefund LLC increased its holdings in Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock valued at $541,000 after buying an additional 93 shares during the period. Boston Financial Mangement LLC increased its holdings in Walt Disney by 1.5% in the 4th quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant's stock valued at $700,000 after buying an additional 94 shares during the period. GPM Growth Investors Inc. increased its holdings in Walt Disney by 4.3% in the 4th quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant's stock valued at $261,000 after buying an additional 96 shares during the period. Finally, WealthCare Investment Partners LLC increased its holdings in Walt Disney by 4.1% in the 4th quarter. WealthCare Investment Partners LLC now owns 2,460 shares of the entertainment giant's stock valued at $273,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 1.1%

Shares of NYSE DIS opened at $118.18 on Wednesday. The company has a market capitalization of $212.46 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The company's 50 day moving average price is $102.86 and its 200-day moving average price is $105.79.

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

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company'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 transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Rosenblatt Securities raised their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Barclays raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. UBS Group lifted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Finally, Guggenheim decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $123.96.

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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