Louisiana State Employees Retirement System Sells 2,300 Shares of The Walt Disney Company $DIS

Louisiana State Employees Retirement System lessened its position in The Walt Disney Company (NYSE:DIS) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,900 shares of the entertainment giant’s stock after selling 2,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Walt Disney were worth $11,769,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DIS. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of Walt Disney by 5.7% during the first quarter. First Citizens Bank & Trust Co. now owns 35,564 shares of the entertainment giant’s stock valued at $3,510,000 after buying an additional 1,933 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Walt Disney by 5.1% in the first quarter. Farther Finance Advisors LLC now owns 64,619 shares of the entertainment giant’s stock valued at $6,312,000 after buying an additional 3,116 shares during the period. Harbor Capital Advisors Inc. grew its position in Walt Disney by 66,259.4% during the first quarter. Harbor Capital Advisors Inc. now owns 70,341 shares of the entertainment giant’s stock worth $6,943,000 after buying an additional 70,235 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Walt Disney by 8.1% during the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after buying an additional 1,856 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Evercore ISI lifted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $112.54 on Wednesday. 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 firm’s 50-day simple moving average is $115.82 and its 200-day simple moving average is $110.21. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a market cap of $202.33 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share 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 business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the business earned $1.39 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.