Public Employees Retirement Association of Colorado Sells 7,042 Shares of The Walt Disney Company (NYSE:DIS)

Public Employees Retirement Association of Colorado lessened its holdings in The Walt Disney Company (NYSE:DIS) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,317 shares of the entertainment giant’s stock after selling 7,042 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Walt Disney were worth $25,251,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gold Investment Management Ltd. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. ESL Trust Services LLC purchased a new stake in shares of Walt Disney during the first quarter valued at approximately $31,000. Frank Rimerman Advisors LLC purchased a new position in Walt Disney in the fourth quarter worth $37,000. Mascoma Wealth Management LLC grew its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the period. Finally, Beaird Harris Wealth Management LLC increased its position in shares of Walt Disney by 30.7% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS opened at $93.69 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $170.80 billion, a P/E ratio of 101.84, a P/E/G ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The business’s 50-day moving average is $90.67 and its 200 day moving average is $101.96.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. On average, equities research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DIS has been the topic of a number of research analyst reports. Macquarie cut their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC decreased their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

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.