IBM Retirement Fund increased its position in Walt Disney Co (NYSE:DIS) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,742 shares of the entertainment giant’s stock after buying an additional 977 shares during the quarter. Walt Disney comprises approximately 0.6% of IBM Retirement Fund’s holdings, making the stock its 22nd largest position. IBM Retirement Fund’s holdings in Walt Disney were worth $4,989,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in Walt Disney by 0.8% in the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock valued at $7,240,390,000 after acquiring an additional 565,404 shares during the last quarter. Morgan Stanley lifted its stake in shares of Walt Disney by 16.7% during the 1st quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock valued at $2,653,710,000 after buying an additional 3,939,992 shares in the last quarter. Geode Capital Management LLC increased its stake in Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock worth $3,748,495,000 after acquiring an additional 548,830 shares during the last quarter. Norges Bank bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $2,572,048,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Walt Disney by 2.4% in the 1st quarter. Nuveen Asset Management LLC now owns 16,552,686 shares of the entertainment giant’s stock valued at $1,598,989,000 after buying an additional 386,175 shares in the last quarter. Institutional investors and hedge funds own 62.81% of the company’s stock.

Shares of DIS stock traded up $3.03 on Wednesday, reaching $116.66. The company had a trading volume of 13,548,222 shares, compared to its average volume of 13,552,074. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The stock has a market cap of $210.72 billion, a PE ratio of 39.41, a PEG ratio of 12.21 and a beta of 1.10. The company has a 50-day moving average of $116.79 and a 200-day moving average of $120.62. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Walt Disney’s revenue for the quarter was up 20.7% compared to the same quarter last year. Sell-side analysts anticipate that Walt Disney Co will post 1.49 earnings per share for the current year.

A number of brokerages have recently issued reports on DIS. Imperial Capital restated a “sell” rating and set a $105.00 price target on shares of Walt Disney in a report on Monday, June 22nd. Moffett Nathanson cut shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a research report on Monday, May 4th. Deutsche Bank cut their target price on Walt Disney from $147.00 to $128.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Zacks Investment Research cut Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price target on the stock. in a research report on Wednesday, June 17th. Finally, UBS Group reaffirmed a “hold” rating and set a $126.00 target price on shares of Walt Disney in a research note on Thursday, June 25th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company. Walt Disney currently has a consensus rating of “Hold” and a consensus price target of $127.36.

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.

Further Reading: Lock-Up Period Expiration

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

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