State of New Jersey Common Pension Fund D Sells 3,842 Shares of The Walt Disney Company (NYSE:DIS)

State of New Jersey Common Pension Fund D cut its position in shares of The Walt Disney Company (NYSE:DIS) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 673,596 shares of the entertainment giant’s stock after selling 3,842 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Walt Disney were worth $64,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quent Capital LLC boosted its stake in shares of Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after acquiring an additional 327 shares during the period. Sei Investments Co. boosted its position in Walt Disney by 25.0% during the first quarter. Sei Investments Co. now owns 595,506 shares of the entertainment giant’s stock worth $72,865,000 after purchasing an additional 119,207 shares during the period. Choate Investment Advisors grew its stake in Walt Disney by 11.3% in the 1st quarter. Choate Investment Advisors now owns 74,130 shares of the entertainment giant’s stock valued at $9,071,000 after buying an additional 7,511 shares during the last quarter. NorthRock Partners LLC grew its position in shares of Walt Disney by 4.3% in the first quarter. NorthRock Partners LLC now owns 17,314 shares of the entertainment giant’s stock valued at $2,118,000 after purchasing an additional 708 shares during the last quarter. Finally, Pointe Capital Management LLC bought a new position in Walt Disney during the 1st quarter worth $282,000. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DIS shares. Macquarie cut their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Bank of America lowered their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Evercore ISI decreased their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Trading Up 0.1 %

Shares of NYSE:DIS traded up $0.09 during midday trading on Friday, hitting $99.02. 7,982,113 shares of the stock were exchanged, compared to its average volume of 7,450,800. The business’s 50-day moving average price is $93.90 and its 200 day moving average price is $96.93. The stock has a market capitalization of $179.58 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.40. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. Analysts predict that The Walt Disney Company will post 4.93 earnings per share 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.