VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in The Walt Disney Company $DIS

Key Points

• Virginia Retirement Systems ET Al acquired a new stake in The Walt Disney Company, purchasing 216,600 shares valued at approximately $26.86 million in the 2nd quarter.
• Institutional investors now own 65.71% of Disney's stock, highlighting strong interest from significant financial entities.
• Despite a revenue increase of 2.1% year-over-year, Disney's quarterly earnings exceeded analysts' expectations with $1.61 EPS, beating a consensus estimate of $1.45 EPS.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 216,600 shares of the entertainment giant's stock, valued at approximately $26,861,000.

Several other large investors have also added to or reduced their stakes in DIS. Brighton Jones LLC lifted its position in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after buying an additional 1,904 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant's stock worth $2,451,000 after buying an additional 1,856 shares in the last quarter. Advisor Resource Council bought a new position in shares of Walt Disney during the 1st quarter worth approximately $434,000. Inlight Wealth Management LLC bought a new position in shares of Walt Disney during the 1st quarter worth approximately $107,000. Finally, Cullinan Associates Inc. lifted its position in shares of Walt Disney by 4.1% during the 1st quarter. Cullinan Associates Inc. now owns 76,552 shares of the entertainment giant's stock worth $7,556,000 after buying an additional 3,030 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on DIS. Rosenblatt Securities reissued a "buy" rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen cut shares of Walt Disney from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, UBS Group raised their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $132.90.

Walt Disney Trading Up 0.7%

Shares of DIS stock opened at $110.69 on Monday. The company has a 50 day moving average of $114.86 and a 200-day moving average of $110.99. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market cap of $199.00 billion, a P/E ratio of 17.35, a PEG ratio of 1.45 and a beta of 1.54.

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