California Public Employees Retirement System Sells 1,336,271 Shares of The Walt Disney Company $DIS

California Public Employees Retirement System lessened its holdings in The Walt Disney Company (NYSE:DIS) by 29.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,138,713 shares of the entertainment giant’s stock after selling 1,336,271 shares during the quarter. California Public Employees Retirement System owned 0.17% of Walt Disney worth $389,232,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kondo Wealth Advisors Inc. raised its stake in Walt Disney by 1.2% during the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock worth $904,000 after acquiring an additional 84 shares in the last quarter. Cornerstone Advisory LLC grew its holdings in shares of Walt Disney by 1.5% during the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock valued at $730,000 after purchasing an additional 86 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after purchasing an additional 87 shares in the last quarter. Childress Capital Advisors LLC lifted its stake in Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after purchasing an additional 87 shares during the last quarter. Finally, Apollon Financial LLC boosted its position in Walt Disney by 1.5% in the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Jefferies Financial Group dropped their target price on Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Cowen restated a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Walt Disney in a research report on Friday, November 14th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Price Performance

Shares of DIS opened at $105.25 on Friday. The business has a 50-day moving average of $109.64 and a 200-day moving average of $114.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market capitalization of $187.90 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.49. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The business had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio is currently 21.87%.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.