New Mexico Fund Boosts Disney Stake by 6.8%
The New Mexico Educational Retirement Board has increased its holdings in Walt Disney Company (NYSE:DIS) by 6.8% during the second quarter, according to a recent SEC filing.
The institutional investor now owns 88,155 shares of Disney's stock, which is valued at $8,485,000 as of its most recent SEC filing.
Disney's streaming ecosystem expansion through partnerships with iHeartMedia could increase engagement and improve the value proposition of Disney's direct-to-consumer services.
The company has set its FY 2026 guidance at 6.642-6.642 EPS, and research analysts anticipate that Disney will post 6.9 earnings per share for the current year.