Connor Clark & Lunn Investment Management Ltd. Takes $31.98 Million Position in The Walt Disney Company (NYSE:DIS)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 332,430 shares of the entertainment giant's stock, valued at approximately $31,976,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital World Investors lifted its stake in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant's stock valued at $766,903,000 after buying an additional 6,084,993 shares during the period. Swedbank AB bought a new position in Walt Disney during the first quarter worth about $493,715,000. Farallon Capital Management LLC bought a new position in Walt Disney during the second quarter worth about $355,673,000. International Assets Investment Management LLC lifted its stake in Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant's stock worth $329,585,000 after purchasing an additional 3,399,359 shares during the period. Finally, Van ECK Associates Corp lifted its stake in Walt Disney by 114.4% during the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant's stock worth $414,582,000 after purchasing an additional 2,298,921 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DIS shares. Wells Fargo & Company lifted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a report on Friday, November 15th. Bank of America lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.83.

Walt Disney Price Performance

NYSE:DIS traded up $1.84 on Wednesday, hitting $114.26. The company had a trading volume of 9,310,878 shares, compared to its average volume of 11,017,364. The stock has a market capitalization of $206.92 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 1.85 and a beta of 1.40. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $96.55 and a two-hundred day moving average of $96.60. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney Company 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.