State of Alaska Department of Revenue Boosts Stake in The Walt Disney Company (NYSE:DIS)

State of Alaska Department of Revenue raised its holdings in The Walt Disney Company (NYSE:DIS) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,038 shares of the entertainment giant’s stock after purchasing an additional 1,450 shares during the quarter. State of Alaska Department of Revenue’s holdings in Walt Disney were worth $24,354,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Walt Disney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after purchasing an additional 1,555,748 shares during the period. Morgan Stanley lifted its stake in Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after buying an additional 195,512 shares in the last quarter. Norges Bank acquired a new stake in Walt Disney during the 4th quarter valued at $1,938,647,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Walt Disney by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock worth $897,758,000 after purchasing an additional 211,397 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Walt Disney by 4.5% in the fourth quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock valued at $650,472,000 after buying an additional 309,376 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

DIS traded up $0.59 on Wednesday, hitting $98.59. 5,029,969 shares of the stock traded hands, compared to its average volume of 11,481,462. The business has a fifty day moving average price of $104.17 and a two-hundred day moving average price of $104.81. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a market capitalization of $179.72 billion, a PE ratio of 107.19, a P/E/G ratio of 1.23 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. On average, research analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DIS. Rosenblatt Securities upped their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. UBS Group decreased their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Wells Fargo & Company boosted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Barclays decreased their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Finally, Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.44.

Insider Activity

In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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.