Public Employees Retirement Association of Colorado Cuts Position in The Walt Disney Company (NYSE:DIS)

Public Employees Retirement Association of Colorado lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,434 shares of the entertainment giant's stock after selling 10,493 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Walt Disney were worth $27,106,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after purchasing an additional 809,989 shares in the last quarter. Norges Bank bought a new stake in shares of Walt Disney in the fourth quarter valued at $2,415,427,000. Jennison Associates LLC increased its stake in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock valued at $1,904,563,000 after acquiring an additional 2,300,912 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Walt Disney by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock worth $1,240,025,000 after purchasing an additional 192,871 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $0.19 during trading hours on Wednesday, hitting $90.98. The company's stock had a trading volume of 8,422,444 shares, compared to its average volume of 9,884,679. The company has a market cap of $164.47 billion, a PE ratio of 29.64, a PEG ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The business has a 50 day moving average price of $96.20 and a two-hundred day moving average price of $104.20.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and lifted their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Citigroup reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their price target on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average target price of $123.75.

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.