The Walt Disney Company (NYSE:DIS) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 670,829 shares of the entertainment giant's stock after selling 8,300 shares during the period. State of Tennessee Department of Treasury's holdings in Walt Disney were worth $74,697,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DIS. Wealth Dimensions Group Ltd. increased its holdings in Walt Disney by 11.2% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 6,054 shares of the entertainment giant's stock valued at $674,000 after purchasing an additional 612 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Walt Disney by 50.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 151,505 shares of the entertainment giant's stock valued at $16,870,000 after buying an additional 51,035 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at $130,000. Trajan Wealth LLC lifted its stake in Walt Disney by 4.1% during the 4th quarter. Trajan Wealth LLC now owns 82,931 shares of the entertainment giant's stock worth $9,234,000 after acquiring an additional 3,277 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Walt Disney by 0.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 66,502 shares of the entertainment giant's stock valued at $7,405,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DIS shares. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday. The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, UBS Group decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.75.

Walt Disney Stock Performance

NYSE DIS traded up $2.75 on Thursday, reaching $90.04. The stock had a trading volume of 10,299,353 shares, compared to its average volume of 10,082,893. The stock has a market cap of $162.77 billion, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The business's 50-day moving average price is $97.80 and its 200 day moving average price is $104.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.