State of Tennessee Treasury Department grew its holdings in Walt Disney Co (NYSE:DIS) by 22.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,191,641 shares of the entertainment giant’s stock after purchasing an additional 217,855 shares during the quarter. Walt Disney makes up 0.7% of State of Tennessee Treasury Department’s holdings, making the stock its 24th biggest holding. State of Tennessee Treasury Department’s holdings in Walt Disney were worth $130,664,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of DIS. Litman Gregory Asset Management LLC acquired a new stake in Walt Disney during the fourth quarter worth approximately $25,000. Crewe Advisors LLC increased its holdings in shares of Walt Disney by 55.6% in the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Portfolio Solutions LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $43,000. Contravisory Investment Management Inc. increased its holdings in shares of Walt Disney by 176.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 261 shares during the period. Finally, Watermark Asset Management Inc. increased its holdings in shares of Walt Disney by 52.2% in the 4th quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after acquiring an additional 153 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Citigroup lifted their target price on shares of Walt Disney from $126.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Imperial Capital lifted their target price on shares of Walt Disney from $139.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. BMO Capital Markets lifted their target price on shares of Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. BTIG Research raised shares of Walt Disney from a “sell” rating to a “neutral” rating in a report on Monday, April 15th. Finally, Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $142.42.

In other Walt Disney news, EVP Zenia B. Mucha sold 33,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $135.24, for a total transaction of $540,960.00. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

DIS traded down $0.01 during trading on Friday, hitting $132.72. The stock had a trading volume of 596,431 shares, compared to its average volume of 11,921,054. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77. The stock has a market capitalization of $199.90 billion, a P/E ratio of 18.75, a P/E/G ratio of 3.58 and a beta of 1.00. Walt Disney Co has a twelve month low of $98.81 and a twelve month high of $142.37.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. The company had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. Walt Disney’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.84 EPS. Sell-side analysts predict that Walt Disney Co will post 6.67 EPS for the current year.

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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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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