The Walt Disney Company (NYSE:DIS) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its position in The Walt Disney Company (NYSE:DIS) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,810 shares of the entertainment giant’s stock after selling 8,122 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Walt Disney were worth $10,891,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DIS. United Bank grew its position in Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after acquiring an additional 712 shares in the last quarter. Quest Partners LLC grew its position in Walt Disney by 198.6% in the third quarter. Quest Partners LLC now owns 10,916 shares of the entertainment giant’s stock valued at $1,050,000 after acquiring an additional 7,260 shares in the last quarter. Baron Wealth Management LLC grew its position in shares of Walt Disney by 2.9% during the third quarter. Baron Wealth Management LLC now owns 4,149 shares of the entertainment giant’s stock worth $399,000 after buying an additional 117 shares in the last quarter. Aviance Capital Partners LLC grew its position in shares of Walt Disney by 0.6% during the third quarter. Aviance Capital Partners LLC now owns 33,380 shares of the entertainment giant’s stock worth $3,211,000 after buying an additional 210 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in shares of Walt Disney by 17.2% during the third quarter. Pathstone Holdings LLC now owns 1,357,829 shares of the entertainment giant’s stock worth $130,610,000 after buying an additional 199,570 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $99.33 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market capitalization of $179.56 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock’s fifty day moving average is $108.63 and its two-hundred day moving average is $104.58.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Finally, Citigroup reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.64.

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.