Retirement Systems of Alabama Sells 10,464 Shares of The Walt Disney Company (NYSE:DIS)

Retirement Systems of Alabama lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 981,867 shares of the entertainment giant's stock after selling 10,464 shares during the quarter. Retirement Systems of Alabama owned about 0.05% of Walt Disney worth $88,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DIS. Planned Solutions Inc. bought a new stake in Walt Disney during the 4th quarter valued at $26,000. Fortis Group Advisors LLC bought a new stake in Walt Disney during the 3rd quarter valued at $30,000. Stone House Investment Management LLC raised its stake in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant's stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Evolution Advisers Inc. raised its stake in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant's stock valued at $34,000 after acquiring an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in Walt Disney during the 3rd quarter valued at $35,000. Institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company's stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company's stock.

Walt Disney Stock Down 0.0 %

NYSE DIS traded down $0.04 on Friday, reaching $112.73. The stock had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. The business has a 50 day moving average price of $114.18 and a 200 day moving average price of $99.86. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a market capitalization of $206.78 billion, a price-to-earnings ratio of 69.59, a P/E/G ratio of 1.39 and a beta of 1.42.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney's dividend payout ratio is currently 18.52%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DIS shares. Rosenblatt Securities lifted their target price on Walt Disney from $129.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Daiwa Capital Markets reissued a "buy" rating and issued a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Argus boosted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Bank of America boosted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group dropped their price objective on Walt Disney from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.08.

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.