Illinois Municipal Retirement Fund Cuts Stock Position in The Walt Disney Company $DIS

Illinois Municipal Retirement Fund trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 16.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,325 shares of the entertainment giant’s stock after selling 10,193 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Walt Disney were worth $6,365,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney during the 2nd quarter worth approximately $4,220,599,000. Nuveen LLC acquired a new stake in Walt Disney in the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. grew its holdings in Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Walt Disney by 9.4% during the second quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock worth $2,564,145,000 after purchasing an additional 1,774,772 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 2.4%

Walt Disney stock opened at $114.93 on Wednesday. The business’s 50-day simple moving average is $113.26 and its two-hundred day simple moving average is $114.33. 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 company has a market cap of $206.64 billion, a PE ratio of 18.01, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI increased their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.