Walt Disney Co (NYSE:DIS) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in shares of Walt Disney Co (NYSE:DIS) by 19.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 385,910 shares of the entertainment giant’s stock after buying an additional 63,566 shares during the quarter. Walt Disney comprises approximately 0.7% of State of Alaska Department of Revenue’s holdings, making the stock its 17th largest holding. State of Alaska Department of Revenue’s holdings in Walt Disney were worth $50,290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIS. Centerpoint Advisors LLC lifted its stake in shares of Walt Disney by 276.5% in the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 141 shares during the period. SRS Capital Advisors Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at $39,000. MRA Associates USA LLC acquired a new position in shares of Walt Disney in the 2nd quarter valued at $53,000. NewSquare Capital LLC lifted its stake in shares of Walt Disney by 24.9% in the 2nd quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock valued at $54,000 after purchasing an additional 77 shares during the period. Finally, Bay Harbor Wealth Management LLC lifted its stake in shares of Walt Disney by 94.2% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 433 shares of the entertainment giant’s stock valued at $60,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 68.41% of the company’s stock.

In other news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $144.25, for a total transaction of $288,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The disclosure for this sale can be found here. Insiders have sold 98,662 shares of company stock valued at $13,947,341 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the stock. Loop Capital boosted their target price on shares of Walt Disney to $165.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Citigroup reiterated a “buy” rating and issued a $160.00 target price (up from $132.00) on shares of Walt Disney in a research note on Thursday, June 6th. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 26th. Zacks Investment Research upgraded shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 target price for the company in a research note on Tuesday, July 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $151.31.

NYSE:DIS traded down $0.90 during trading hours on Thursday, reaching $128.24. 3,835,865 shares of the company were exchanged, compared to its average volume of 8,170,898. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average is $134.89 and its 200-day moving average is $133.52. The firm has a market cap of $232.68 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 4.47 and a beta of 0.96. Walt Disney Co has a twelve month low of $100.35 and a twelve month high of $147.15.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion for the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 earnings per share. As a group, research analysts anticipate that Walt Disney Co will post 5.79 EPS for the current year.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: Benefits of owning preferred stock

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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