Teacher Retirement System of Texas Decreases Position in The Walt Disney Company $DIS

Teacher Retirement System of Texas decreased its holdings in The Walt Disney Company (NYSE:DIS) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 509,938 shares of the entertainment giant’s stock after selling 5,134 shares during the quarter. Teacher Retirement System of Texas’ holdings in Walt Disney were worth $58,388,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DIS. Kondo Wealth Advisors Inc. raised its position in Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after purchasing an additional 84 shares in the last quarter. Cornerstone Advisory LLC lifted its stake in Walt Disney by 1.5% in the second quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after acquiring an additional 86 shares during the last quarter. Childress Capital Advisors LLC grew its holdings in Walt Disney by 3.3% during the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after acquiring an additional 87 shares in the last quarter. Apollon Financial LLC increased its position in shares of Walt Disney by 1.5% in the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after purchasing an additional 87 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. raised its holdings in shares of Walt Disney by 1.0% in the 2nd quarter. Strategic Family Wealth Counselors L.L.C. now owns 8,586 shares of the entertainment giant’s stock valued at $1,065,000 after purchasing an additional 87 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.0%

DIS stock opened at $113.23 on Friday. The company has a market cap of $202.15 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.58 and a beta of 1.44. The company has a fifty day moving average price of $109.93 and a 200 day moving average price of $113.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the business posted $1.14 earnings per share. Walt Disney’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be paid a $0.75 dividend. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is 21.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Citigroup cut their price objective on shares of Walt Disney from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, November 13th. Evercore ISI boosted their price target on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Finally, TD Cowen restated a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Nineteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.20.

About Walt Disney

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.