Kentucky Retirement Systems Insurance Trust Fund Lowers Stake in The Walt Disney Company (NYSE:DIS)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,696 shares of the entertainment giant’s stock after selling 5,105 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Walt Disney were worth $5,165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Transcendent Capital Group LLC lifted its stake in Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after acquiring an additional 108 shares during the period. Connable Office Inc. increased its stake in shares of Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after acquiring an additional 108 shares during the period. ADE LLC raised its holdings in shares of Walt Disney by 4.6% during the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after purchasing an additional 110 shares during the last quarter. Cozad Asset Management Inc. raised its stake in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after buying an additional 110 shares during the last quarter. Finally, Absher Wealth Management LLC boosted its position in Walt Disney by 0.8% in the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after purchasing an additional 111 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIS. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday. Sanford C. Bernstein boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. TD Cowen upped their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday. JPMorgan Chase & Co. dropped 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 note on Thursday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Trading Up 5.4 %

Shares of DIS opened at $115.06 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $95.57 and a 200 day moving average price of $96.79. 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 P/E ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40.

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.