New York State Common Retirement Fund cut its position in shares of Walt Disney Co (NYSE:DIS) by 2.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,626,289 shares of the entertainment giant’s stock after selling 116,641 shares during the quarter. New York State Common Retirement Fund’s holdings in Walt Disney were worth $456,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. Janus Henderson Group PLC grew its position in Walt Disney by 929.6% during the second quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock worth $574,907,000 after buying an additional 4,885,398 shares in the last quarter. AJO LP grew its position in Walt Disney by 12,331.6% during the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock worth $350,661,000 after buying an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. grew its position in Walt Disney by 2.2% during the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after buying an additional 2,131,932 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Walt Disney by 247.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock worth $280,999,000 after buying an additional 1,884,600 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Walt Disney by 48.7% during the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock worth $564,561,000 after buying an additional 1,740,128 shares in the last quarter. 61.55% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Co (NYSE DIS) opened at $110.42 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. Walt Disney Co has a 1 year low of $96.20 and a 1 year high of $116.10. The firm has a market cap of $166,770.00, a P/E ratio of 19.44, a P/E/G ratio of 1.97 and a beta of 1.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The company had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. During the same quarter last year, the firm earned $1.10 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. analysts expect that Walt Disney Co will post 6.4 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were given a $0.84 dividend. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 29.58%.

A number of research firms have weighed in on DIS. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a report on Wednesday, November 1st. Bank of America reaffirmed a “buy” rating and set a $144.00 price objective (up from $130.00) on shares of Walt Disney in a report on Wednesday, January 10th. Rosenblatt Securities reaffirmed a “hold” rating and set a $110.00 price objective on shares of Walt Disney in a report on Thursday, September 28th. Citigroup reaffirmed a “neutral” rating on shares of Walt Disney in a report on Thursday, September 28th. Finally, Vetr raised Walt Disney from a “hold” rating to a “buy” rating and set a $115.53 price objective on the stock in a report on Tuesday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Walt Disney presently has a consensus rating of “Hold” and a consensus price target of $116.15.

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Walt Disney Company Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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