Teacher Retirement System of Texas Has $45.17 Million Holdings in The Walt Disney Company (NYSE:DIS)

Teacher Retirement System of Texas lifted its position in The Walt Disney Company (NYSE:DIS) by 83.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 405,676 shares of the entertainment giant’s stock after acquiring an additional 184,716 shares during the quarter. Teacher Retirement System of Texas’ holdings in Walt Disney were worth $45,172,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the period. Raymond James Financial Inc. purchased a new stake in Walt Disney in the 4th quarter worth about $358,151,000. Boston Partners acquired a new stake in Walt Disney during the 4th quarter worth about $350,707,000. FMR LLC grew its stake in Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after acquiring an additional 2,300,912 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DIS. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Trading Down 1.5 %

Shares of DIS stock opened at $98.79 on Friday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $108.23 and its two-hundred day moving average is $104.61. The company has a market cap of $178.59 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.