Louisiana State Employees Retirement System Buys 1,000 Shares of Walt Disney Co (NYSE:DIS)

Louisiana State Employees Retirement System lifted its stake in Walt Disney Co (NYSE:DIS) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,700 shares of the entertainment giant’s stock after buying an additional 1,000 shares during the period. Walt Disney comprises 0.5% of Louisiana State Employees Retirement System’s portfolio, making the stock its 23rd biggest holding. Louisiana State Employees Retirement System’s holdings in Walt Disney were worth $8,664,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Walt Disney by 14.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,070 shares of the entertainment giant’s stock valued at $71,747,000 after buying an additional 63,786 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Walt Disney in the first quarter valued at about $507,000. Foundations Investment Advisors LLC lifted its stake in shares of Walt Disney by 13.8% in the first quarter. Foundations Investment Advisors LLC now owns 2,126 shares of the entertainment giant’s stock valued at $202,000 after buying an additional 257 shares during the period. OLD Dominion Capital Management Inc. raised its position in Walt Disney by 44.0% in the first quarter. OLD Dominion Capital Management Inc. now owns 41,130 shares of the entertainment giant’s stock worth $3,973,000 after purchasing an additional 12,577 shares in the last quarter. Finally, Capital Wealth Planning LLC raised its position in Walt Disney by 5.1% in the fourth quarter. Capital Wealth Planning LLC now owns 556,194 shares of the entertainment giant’s stock worth $80,442,000 after purchasing an additional 27,213 shares in the last quarter. Institutional investors and hedge funds own 62.66% of the company’s stock.

DIS has been the subject of several recent research reports. Imperial Capital reissued a “sell” rating and issued a $105.00 price target on shares of Walt Disney in a research report on Monday, June 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research report on Wednesday, May 6th. Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price target for the company. in a research report on Wednesday, June 17th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Walt Disney in a research report on Friday, May 8th. Finally, BMO Capital Markets dropped their price target on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $127.73.

Shares of DIS stock opened at $116.24 on Tuesday. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41. The stock has a market cap of $215.56 billion, a PE ratio of 39.27, a PEG ratio of 13.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The firm’s 50 day moving average price is $116.79 and its two-hundred day moving average price is $119.75.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same period in the previous year, the business posted $1.61 earnings per share. Walt Disney’s revenue was up 20.7% compared to the same quarter last year. As a group, sell-side analysts predict that Walt Disney Co will post 1.44 earnings per share for the current fiscal year.

Walt Disney 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.

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

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