Kentucky Retirement Systems Trims Holdings in The Walt Disney Company $DIS

Kentucky Retirement Systems lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,400 shares of the entertainment giant’s stock after selling 7,629 shares during the quarter. Kentucky Retirement Systems’ holdings in Walt Disney were worth $14,435,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney during the 2nd quarter valued at approximately $4,220,599,000. Wedge Capital Management L L P NC lifted its position in Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after buying an additional 316,707 shares during the last quarter. Lodge Hill Capital LLC purchased a new position in Walt Disney during the first quarter worth $24,373,000. Border to Coast Pensions Partnership Ltd increased its position in Walt Disney by 13.6% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after acquiring an additional 60,353 shares during the last quarter. Finally, Chapin Davis Inc. raised its stake in shares of Walt Disney by 10.4% in the second quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant’s stock valued at $3,735,000 after acquiring an additional 2,828 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $111.52 on Friday. The firm’s 50 day simple moving average is $109.24 and its 200-day simple moving average is $114.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm has a market cap of $199.10 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.Walt Disney’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio is presently 14.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DIS shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Cowen reissued a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. UBS Group restated a “buy” rating and set a $138.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, November 13th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

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.