State Treasurer State of Michigan Has $97.42 Million Position in Walt Disney Co (DIS)

State Treasurer State of Michigan lowered its position in Walt Disney Co (NYSE:DIS) by 21.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 988,353 shares of the entertainment giant’s stock after selling 266,900 shares during the period. Walt Disney comprises approximately 0.8% of State Treasurer State of Michigan’s holdings, making the stock its 23rd largest position. State Treasurer State of Michigan owned 0.06% of Walt Disney worth $97,422,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Rockefeller Financial Services Inc. lifted its stake in Walt Disney by 3.8% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 54,904 shares of the entertainment giant’s stock worth $5,411,000 after purchasing an additional 2,000 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Walt Disney by 1.2% in the 3rd quarter. Fisher Asset Management LLC now owns 4,466,678 shares of the entertainment giant’s stock worth $440,281,000 after purchasing an additional 54,436 shares in the last quarter. Founders Capital Management lifted its stake in Walt Disney by 22.6% in the 3rd quarter. Founders Capital Management now owns 24,857 shares of the entertainment giant’s stock worth $2,450,000 after purchasing an additional 4,586 shares in the last quarter. Inverness Counsel LLC NY lifted its stake in Walt Disney by 5.5% in the 3rd quarter. Inverness Counsel LLC NY now owns 284,359 shares of the entertainment giant’s stock worth $28,029,000 after purchasing an additional 14,763 shares in the last quarter. Finally, Narwhal Capital Management lifted its stake in Walt Disney by 3.3% in the 3rd quarter. Narwhal Capital Management now owns 41,220 shares of the entertainment giant’s stock worth $4,063,000 after purchasing an additional 1,325 shares in the last quarter. 61.52% of the stock is owned by institutional investors.

Several analysts have commented on DIS shares. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Edward Jones cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Friday, December 15th. Vetr upgraded shares of Walt Disney from a “buy” rating to a “strong-buy” rating and set a $110.51 price target on the stock in a research note on Wednesday, October 11th. Finally, Barclays decreased their price target on shares of Walt Disney from $98.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Friday, October 13th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $115.77.

Shares of Walt Disney Co (DIS) traded up $1.48 during trading hours on Friday, reaching $112.47. 5,899,861 shares of the company traded hands, compared to its average volume of 9,620,000. The company has a market cap of $169,860.00, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a net margin of 14.59% and a return on equity of 16.71%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share. analysts predict that Walt Disney Co will post 6.23 earnings per share for the current fiscal year.

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s payout ratio is 29.58%.

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Walt Disney Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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

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