State Board of Administration of Florida Retirement System Increases Holdings in The Walt Disney Company $DIS

State Board of Administration of Florida Retirement System lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 1,761,388 shares of the entertainment giant’s stock after purchasing an additional 12,987 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Walt Disney were worth $218,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. J. Safra Sarasin Holding AG increased its holdings in Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney during the second quarter valued at about $4,220,599,000. Wedge Capital Management L L P NC boosted its position in Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after purchasing an additional 316,707 shares during the period. Lodge Hill Capital LLC purchased a new position in shares of Walt Disney in the first quarter worth about $24,373,000. Finally, Border to Coast Pensions Partnership Ltd increased its stake in shares of Walt Disney by 13.6% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after purchasing an additional 60,353 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.1%

DIS opened at $103.44 on Thursday. The firm has a market capitalization of $184.67 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a fifty day moving average price of $110.79 and a 200-day moving average price of $114.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on DIS. UBS Group restated a “buy” rating and set a $138.00 price target on shares of Walt Disney in a research note on Friday, November 14th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group cut their price target on Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 14th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Evercore ISI increased their price objective on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

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.