State Farm Mutual Automobile Insurance Co. Sells 1,732,568 Shares of The Walt Disney Company (NYSE:DIS)

State Farm Mutual Automobile Insurance Co. lowered its holdings in The Walt Disney Company (NYSE:DIS) by 5.9% in the first quarter, HoldingsChannel.com reports. The firm owned 27,696,532 shares of the entertainment giant’s stock after selling 1,732,568 shares during the quarter. Walt Disney comprises approximately 2.5% of State Farm Mutual Automobile Insurance Co.’s holdings, making the stock its 12th biggest holding. State Farm Mutual Automobile Insurance Co.’s holdings in Walt Disney were worth $2,733,648,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DIS. Nuveen LLC bought a new stake in Walt Disney in the 1st quarter valued at about $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock valued at $638,699,000 after buying an additional 5,449,158 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock valued at $1,878,142,000 after buying an additional 3,016,339 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after buying an additional 2,578,004 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.3%

Shares of NYSE DIS opened at $116.34 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a 50 day moving average price of $119.30 and a two-hundred day moving average price of $108.11. The stock has a market cap of $209.17 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.69 and a beta of 1.56.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the prior year, the company posted $1.39 EPS. The company’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, August 7th. Barclays boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday. Finally, Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $131.18.

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.