South Dakota Investment Council Cuts Position in The Walt Disney Company $DIS

South Dakota Investment Council decreased its position in The Walt Disney Company (NYSE:DIS) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,697 shares of the entertainment giant’s stock after selling 26,940 shares during the quarter. Walt Disney accounts for about 0.5% of South Dakota Investment Council’s holdings, making the stock its 27th biggest holding. South Dakota Investment Council’s holdings in Walt Disney were worth $26,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. J. Safra Sarasin Holding AG lifted its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after buying an additional 16,781 shares during the last quarter. Planning Directions Inc. acquired a new stake in Walt Disney during the 1st quarter worth $326,000. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney during the 2nd quarter worth $4,220,599,000. Wedge Capital Management L L P NC lifted its position in Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after acquiring an additional 316,707 shares during the last quarter. Finally, Lodge Hill Capital LLC acquired a new position in Walt Disney in the first quarter valued at $24,373,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research reports. Arete Research raised Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Nineteen equities 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Price Performance

Walt Disney stock opened at $112.70 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50 day simple moving average of $114.12 and a 200-day simple moving average of $112.88. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market capitalization of $202.63 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share 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.