The Walt Disney Company (NYSE:DIS) Shares Acquired by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 60.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 351,344 shares of the entertainment giant's stock after purchasing an additional 131,695 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Walt Disney were worth $34,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. Gold Investment Management Ltd. bought a new stake in Walt Disney during the 4th quarter valued at $28,000. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the 1st quarter worth $31,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth $37,000. Mascoma Wealth Management LLC boosted its position in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant's stock worth $44,000 after purchasing an additional 122 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of Walt Disney by 30.7% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant's stock worth $45,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research analyst reports. Loop Capital reduced their target price on Walt Disney from $139.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. Barclays reduced their target price on Walt Disney from $130.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an "overweight" rating on the stock in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, UBS Group decreased their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $118.43.

Walt Disney Trading Up 0.4 %

Shares of DIS traded up $0.39 during mid-day trading on Tuesday, reaching $93.36. The stock had a trading volume of 4,717,676 shares, compared to its average volume of 11,218,199. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a market cap of $170.20 billion, a price-to-earnings ratio of 101.05, a P/E/G ratio of 1.31 and a beta of 1.40. The business's fifty day moving average is $90.59 and its 200 day moving average is $101.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to analysts' expectations of $23.08 billion. During the same period last year, the business earned $1.03 earnings per share. Walt Disney's revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.