Walt Disney Co (DIS) Position Lowered by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 3.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 522,863 shares of the entertainment giant’s stock after selling 16,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Walt Disney were worth $54,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Live Your Vision LLC boosted its position in Walt Disney by 91.6% in the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after purchasing an additional 500 shares during the last quarter. Trilogy Capital Inc. purchased a new position in Walt Disney in the first quarter worth about $107,000. BDO Wealth Advisors LLC boosted its position in Walt Disney by 184.3% in the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after purchasing an additional 739 shares during the last quarter. Bruderman Asset Management LLC purchased a new position in Walt Disney in the first quarter worth about $116,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in Walt Disney in the second quarter worth about $121,000. 63.14% of the stock is currently owned by institutional investors and hedge funds.

DIS has been the topic of several research reports. Imperial Capital raised their target price on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Pivotal Research reissued a “sell” rating and issued a $95.00 target price on shares of Walt Disney in a research report on Sunday, September 23rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a research note on Wednesday, August 8th. Finally, B. Riley decreased their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $120.90.

In related news, EVP Brent Woodford sold 843 shares of Walt Disney stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $113.56, for a total transaction of $95,731.08. Following the sale, the executive vice president now owns 27,650 shares of the company’s stock, valued at approximately $3,139,934. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mary Jayne Parker sold 130,074 shares of Walt Disney stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $114.99, for a total value of $14,957,209.26. Following the sale, the executive vice president now directly owns 43,048 shares in the company, valued at approximately $4,950,089.52. The disclosure for this sale can be found here. Insiders have sold a total of 599,701 shares of company stock worth $69,049,384 in the last three months. 0.38% of the stock is owned by corporate insiders.

NYSE DIS opened at $118.90 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88. Walt Disney Co has a 52 week low of $96.89 and a 52 week high of $119.17. The stock has a market capitalization of $174.20 billion, a PE ratio of 20.86, a P/E/G ratio of 1.48 and a beta of 1.29.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same period last year, the business earned $1.58 EPS. On average, equities analysts predict that Walt Disney Co will post 6.92 EPS for the current fiscal year.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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