Public Employees Retirement Association of Colorado Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Public Employees Retirement Association of Colorado decreased its position in The Walt Disney Company (NYSE:DIS) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 243,434 shares of the entertainment giant’s stock after selling 10,493 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Walt Disney were worth $27,106,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Farmers Trust Co. boosted its position in Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after purchasing an additional 92 shares in the last quarter. Pathway Financial Advisors LLC raised its stake in shares of Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock worth $386,000 after buying an additional 92 shares during the period. Prossimo Advisors LLC grew its position in shares of Walt Disney by 1.1% in the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock valued at $972,000 after purchasing an additional 92 shares during the period. Saxon Interests Inc. increased its stake in shares of Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after purchasing an additional 93 shares in the last quarter. Finally, Onefund LLC raised its position in shares of Walt Disney by 2.0% during the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock worth $541,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several research reports. Macquarie reiterated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Barclays reduced their price objective on Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Prescient Securities reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.75.

Walt Disney Stock Up 0.2 %

Shares of NYSE:DIS opened at $90.23 on Friday. The business has a 50-day moving average price of $97.01 and a 200 day moving average price of $104.17. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $163.12 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.