Louisiana State Employees Retirement System Sells 4,700 Shares of The Walt Disney Company (NYSE:DIS)

Louisiana State Employees Retirement System decreased its position in The Walt Disney Company (NYSE:DIS) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,400 shares of the entertainment giant’s stock after selling 4,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Walt Disney were worth $10,845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Walt Disney by 38.3% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,591 shares of the entertainment giant’s stock worth $249,000 after acquiring an additional 718 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Walt Disney by 8.1% during the third quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock valued at $348,000 after purchasing an additional 270 shares during the last quarter. Creative Planning boosted its position in shares of Walt Disney by 0.9% in the 3rd quarter. Creative Planning now owns 655,712 shares of the entertainment giant’s stock worth $59,827,000 after purchasing an additional 5,972 shares in the last quarter. Iams Wealth Management LLC purchased a new stake in shares of Walt Disney in the 3rd quarter worth approximately $276,000. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its position in Walt Disney by 7.4% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 14,107 shares of the entertainment giant’s stock valued at $1,357,000 after buying an additional 968 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $109.01 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a market capitalization of $197.06 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The firm has a 50 day moving average of $111.71 and a 200 day moving average of $101.39.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, research analysts anticipate that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is presently 32.57%.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on DIS. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Guggenheim upped their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Evercore ISI lifted their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, TD Cowen increased their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $125.85.

About Walt Disney

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.