The Walt Disney Company (NYSE:DIS) Shares Acquired by TIAA Trust National Association

TIAA Trust National Association increased its stake in The Walt Disney Company (NYSE:DISFree Report) by 25.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,509 shares of the entertainment giant’s stock after acquiring an additional 18,457 shares during the period. TIAA Trust National Association’s holdings in Walt Disney were worth $8,172,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DIS. Trian Fund Management L.P. boosted its position in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after acquiring an additional 26,443,257 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after buying an additional 23,644,765 shares in the last quarter. Norges Bank acquired a new position in Walt Disney during the fourth quarter valued at approximately $1,433,075,000. Morgan Stanley lifted its position in Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in Walt Disney during the third quarter valued at approximately $326,171,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE DIS opened at $122.84 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $225.32 billion, a PE ratio of 75.82, a price-to-earnings-growth ratio of 1.86 and a beta of 1.42. The company has a 50 day moving average price of $108.99 and a two-hundred day moving average price of $95.42. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DISGet Free Report) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. As a group, equities analysts predict that The Walt Disney Company will post 4.67 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is 18.52%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $135.00 in a research report on Monday, March 25th. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Bank of America lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group reduced their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Macquarie lifted their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.04.

Read Our Latest Stock Report on Walt Disney

About Walt Disney

(Free Report)

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.

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

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