The Walt Disney Company $DIS Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 509,938 shares of the entertainment giant’s stock after selling 5,134 shares during the period. Teacher Retirement System of Texas’ holdings in Walt Disney were worth $58,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its holdings in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in Walt Disney during the 3rd quarter valued at about $25,000. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the 2nd quarter valued at about $37,000. Total Investment Management Inc. purchased a new position in Walt Disney in the 2nd quarter worth approximately $37,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of Walt Disney during the 2nd quarter worth approximately $48,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS stock opened at $113.23 on Friday. The firm’s 50 day moving average price is $109.93 and its 200-day moving average price is $113.63. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market cap of $202.15 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.58 and a beta of 1.44.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.08. The firm had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued a $0.75 dividend. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s payout ratio is currently 21.87%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a report on Friday, October 17th. Arete Research upgraded Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, November 13th. Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research report on Wednesday, November 12th. Nineteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.20.

About Walt Disney

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.