The Walt Disney Company (NYSE:DIS) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,868,386 shares of the entertainment giant's stock after selling 90,084 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Walt Disney worth $319,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney during the 4th quarter worth about $28,000. Tacita Capital Inc lifted its position in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney during the fourth quarter worth approximately $32,000. Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at $35,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Morgan Stanley upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Macquarie reiterated a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Citigroup restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Prescient Securities dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.75.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.19 during midday trading on Wednesday, hitting $90.98. The company's stock had a trading volume of 8,466,852 shares, compared to its average volume of 10,104,266. The firm has a market cap of $164.47 billion, a P/E ratio of 29.64, a P/E/G ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The firm's fifty day moving average price is $96.20 and its 200-day moving average price is $104.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.