Kentucky Retirement Systems Trims Stock Holdings in The Walt Disney Company (NYSE:DIS)

Kentucky Retirement Systems cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 126,344 shares of the entertainment giant’s stock after selling 11,034 shares during the quarter. Kentucky Retirement Systems’ holdings in Walt Disney were worth $12,153,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its stake in Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after acquiring an additional 5,184 shares during the last quarter. Summit Global Investments lifted its position in shares of Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares during the last quarter. Lmcg Investments LLC grew its stake in Walt Disney by 18.6% in the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after purchasing an additional 23,116 shares in the last quarter. American Assets Inc. acquired a new position in Walt Disney in the third quarter worth about $962,000. Finally, ICICI Prudential Asset Management Co Ltd raised its stake in Walt Disney by 92.0% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock valued at $8,940,000 after buying an additional 44,535 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE DIS opened at $115.06 on Friday. 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 $208.67 billion, a PE ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40. The company’s 50 day simple moving average is $95.57 and its 200 day simple moving average is $96.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Loop Capital lifted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC lifted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Finally, Macquarie increased their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $123.57.

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.