State Board of Administration of Florida Retirement System cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,038,781 shares of the entertainment giant’s stock after selling 45,228 shares during the period. State Board of Administration of Florida Retirement System owned about 0.14% of Walt Disney worth $213,685,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DIS. American Century Companies Inc. grew its stake in shares of Walt Disney by 53.4% during the first quarter. American Century Companies Inc. now owns 3,604,766 shares of the entertainment giant’s stock valued at $362,063,000 after acquiring an additional 1,255,464 shares in the last quarter. Ruffer LLP grew its stake in shares of Walt Disney by 39.1% during the second quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after acquiring an additional 1,117,959 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Walt Disney by 10,630.8% during the second quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock valued at $9,705,000 after acquiring an additional 1,013,007 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Walt Disney by 512.5% during the first quarter. SG Americas Securities LLC now owns 1,137,319 shares of the entertainment giant’s stock valued at $114,232,000 after acquiring an additional 951,642 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Walt Disney by 73.7% during the first quarter. Schroder Investment Management Group now owns 2,174,764 shares of the entertainment giant’s stock valued at $218,434,000 after acquiring an additional 923,048 shares in the last quarter. Institutional investors own 63.00% of the company’s stock.

Shares of NYSE DIS opened at $110.40 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. Walt Disney Co has a 52-week low of $96.80 and a 52-week high of $117.90. The stock has a market capitalization of $164.19 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the prior year, the business earned $1.58 EPS. analysts anticipate that Walt Disney Co will post 6.92 EPS for the current fiscal year.

In other Walt Disney news, Chairman Robert A. Iger sold 437,679 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $115.00, for a total value of $50,333,085.00. Following the transaction, the chairman now owns 1,498,871 shares of the company’s stock, valued at $172,370,165. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 768 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $104.35, for a total transaction of $80,140.80. Following the completion of the transaction, the executive vice president now directly owns 28,493 shares in the company, valued at approximately $2,973,244.55. The disclosure for this sale can be found here. Insiders sold 710,954 shares of company stock worth $80,620,932 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

DIS has been the topic of several research analyst reports. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, September 10th. BMO Capital Markets increased their price target on shares of Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 8th. Pivotal Research cut shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price target on the stock. in a research report on Monday, June 18th. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Finally, B. Riley reduced their price target on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. Walt Disney has a consensus rating of “Hold” and a consensus target price of $119.54.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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