Louisiana State Employees Retirement System Has $11.77 Million Position in The Walt Disney Company $DIS

Louisiana State Employees Retirement System reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,900 shares of the entertainment giant’s stock after selling 2,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Walt Disney were worth $11,769,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the 1st quarter valued at $26,000. DiNuzzo Private Wealth Inc. raised its stake in Walt Disney by 82.5% during 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 during the period. Kessler Investment Group LLC raised its stake in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. First PREMIER Bank raised its stake in Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after purchasing an additional 205 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in Walt Disney during the 2nd quarter valued at $49,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Rosenblatt Securities boosted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Susquehanna restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Stock Down 0.2%

DIS stock opened at $112.54 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a fifty day simple moving average of $115.82 and a 200 day simple moving average of $110.21. The firm has a market cap of $202.33 billion, a PE ratio of 17.64, a PEG ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the business earned $1.39 EPS. Walt Disney’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.