California State Teachers Retirement System Has $300.36 Million Stake in The Walt Disney Company (DIS)

California State Teachers Retirement System lifted its position in The Walt Disney Company (NYSE:DIS) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,793,804 shares of the entertainment giant’s stock after purchasing an additional 100,123 shares during the period. The Walt Disney comprises 0.6% of California State Teachers Retirement System’s portfolio, making the stock its 27th largest holding. California State Teachers Retirement System owned approximately 0.19% of The Walt Disney worth $300,362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Icon Wealth Partners LLC purchased a new position in The Walt Disney during the fourth quarter valued at $116,000. Almanack Investment Partners LLC. purchased a new position in The Walt Disney during the fourth quarter valued at $118,000. Front Row Advisors LLC purchased a new position in The Walt Disney during the fourth quarter valued at $122,000. Avestar Capital LLC purchased a new position in The Walt Disney during the fourth quarter valued at $108,000. Finally, Cerebellum GP LLC purchased a new position in The Walt Disney during the fourth quarter valued at $142,000. 62.81% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on DIS. B. Riley cut their target price on shares of The Walt Disney from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Wednesday, May 9th. Pivotal Research reaffirmed a “hold” rating and set a $93.00 target price on shares of The Walt Disney in a research note on Wednesday, May 9th. ValuEngine cut shares of The Walt Disney from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. BMO Capital Markets raised shares of The Walt Disney from an “underperform” rating to a “market perform” rating and set a $95.00 target price for the company in a research note on Wednesday, April 25th. Finally, Vetr cut shares of The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $113.88 target price for the company. in a research note on Wednesday, April 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $118.56.

The Walt Disney opened at $104.34 on Friday, MarketBeat reports. The stock has a market capitalization of $153.40 billion, a PE ratio of 18.31, a PEG ratio of 1.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.79. The Walt Disney Company has a 12-month low of $103.16 and a 12-month high of $104.28.

The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 8th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.70 by $0.14. The firm had revenue of $14.55 billion during the quarter, compared to analyst estimates of $14.11 billion. The Walt Disney had a net margin of 20.16% and a return on equity of 21.13%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $1.50 EPS. research analysts forecast that The Walt Disney Company will post 7.05 EPS for the current year.

In other news, Director Aylwin B. Lewis sold 1,797 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the sale, the director now owns 85,636 shares in the company, valued at approximately $9,282,086.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.

The Walt Disney Company Profile

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.

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

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