State Treasurer State of Michigan decreased its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,255,253 shares of the entertainment giant’s stock after selling 99,800 shares during the period. Walt Disney Company (The) comprises 1.0% of State Treasurer State of Michigan’s investment portfolio, making the stock its 20th largest position. State Treasurer State of Michigan’s holdings in Walt Disney Company (The) were worth $133,371,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Walt Disney Company (The) during the fourth quarter valued at about $1,507,183,000. Acadian Asset Management LLC boosted its position in Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock valued at $379,305,000 after buying an additional 1,573,215 shares in the last quarter. Teachers Advisors LLC boosted its position in Walt Disney Company (The) by 33.5% in the fourth quarter. Teachers Advisors LLC now owns 3,553,068 shares of the entertainment giant’s stock valued at $370,301,000 after buying an additional 892,390 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Walt Disney Company (The) by 8,245.5% in the first quarter. Canada Pension Plan Investment Board now owns 670,726 shares of the entertainment giant’s stock valued at $76,054,000 after buying an additional 662,689 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Walt Disney Company (The) by 111.0% in the first quarter. AQR Capital Management LLC now owns 1,190,645 shares of the entertainment giant’s stock valued at $135,008,000 after buying an additional 626,245 shares in the last quarter. 62.42% of the stock is currently owned by institutional investors.

Walt Disney Company (DIS) traded up 0.63% on Friday, reaching $101.99. 9,410,408 shares of the company traded hands. The stock has a 50-day moving average price of $106.08 and a 200-day moving average price of $109.24. The firm has a market cap of $157.42 billion, a P/E ratio of 18.09 and a beta of 1.40. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the previous year, the company earned $1.62 EPS. The business’s revenue was down .3% on a year-over-year basis. Analysts anticipate that Walt Disney Company will post $5.90 earnings per share for the current fiscal year.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is 27.56%.

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Several equities analysts have recently commented on the stock. Barclays PLC lowered their price target on shares of Walt Disney Company (The) from $102.00 to $98.00 and set an “equal weight” rating on the stock in a report on Friday. Zacks Investment Research upgraded shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a report on Friday. Vetr upgraded shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $107.66 price target on the stock in a report on Thursday. Deutsche Bank AG restated a “buy” rating and set a $125.00 price target on shares of Walt Disney Company (The) in a report on Thursday. Finally, Loop Capital restated a “hold” rating and set a $108.00 price target on shares of Walt Disney Company (The) in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $115.19.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the sale, the chairman now owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Elena Lagomasino acquired 976 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The disclosure for this purchase can be found here. 0.38% of the stock is owned by insiders.

Walt Disney Company (The) 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 Company (The) (NYSE:DIS)

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