California Public Employees Retirement System Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

California Public Employees Retirement System trimmed its stake in The Walt Disney Company (NYSE:DIS) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,550,907 shares of the entertainment giant’s stock after selling 215,284 shares during the period. California Public Employees Retirement System’s holdings in Walt Disney were worth $506,743,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc increased its stake in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the period. Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $34,000. Bay Harbor Wealth Management LLC purchased a new position in Walt Disney in the 4th quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Walt Disney in the fourth quarter worth $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Citigroup reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Finally, Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Down 2.4 %

DIS opened at $98.02 on Friday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.69. The business has a 50 day moving average price of $107.31 and a two-hundred day moving average price of $105.07. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a market cap of $177.19 billion, a PE ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.