Maryland State Retirement & Pension System Sells 4,547 Shares of The Walt Disney Company (NYSE:DIS)

Maryland State Retirement & Pension System lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 139,708 shares of the entertainment giant’s stock after selling 4,547 shares during the period. Maryland State Retirement & Pension System’s holdings in Walt Disney were worth $12,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. Markel Corp lifted its position in Walt Disney by 2.3% in the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after acquiring an additional 42,500 shares in the last quarter. Fairfield Bush & CO. lifted its position in Walt Disney by 3.4% in the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after acquiring an additional 320 shares in the last quarter. United Bank lifted its position in Walt Disney by 8.7% in the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after acquiring an additional 794 shares in the last quarter. AMI Investment Management Inc. lifted its position in Walt Disney by 4.6% in the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Walt Disney by 0.6% in the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after acquiring an additional 4,722 shares in the last quarter. Institutional investors own 61.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 5th. Truist Financial reissued a “buy” rating and set a $105.00 target price on shares of Walt Disney in a research report on Monday, August 21st. Rosenblatt Securities lifted their target price on shares of Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, September 12th. Loop Capital dropped their target price on shares of Walt Disney from $120.00 to $110.00 in a research report on Monday, June 26th. Finally, Evercore ISI dropped their target price on shares of Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $115.35.

Walt Disney Trading Up 1.3 %

Walt Disney stock opened at $85.58 on Monday. The stock has a market cap of $156.59 billion, a P/E ratio of 69.58, a PEG ratio of 1.68 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The Walt Disney Company has a fifty-two week low of $79.75 and a fifty-two week high of $118.18. The firm’s fifty day moving average price is $85.78 and its 200-day moving average price is $91.59.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The business had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 959 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now directly owns 961 shares of the company’s stock, valued at $85,577.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.