The Walt Disney Company $DIS Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario lowered its stake in The Walt Disney Company (NYSE:DIS) by 12.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 51,540 shares of the entertainment giant’s stock after selling 7,000 shares during the period. Investment Management Corp of Ontario’s holdings in Walt Disney were worth $6,391,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DIS. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the second quarter valued at $4,220,599,000. Wedge Capital Management L L P NC grew its stake in Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after acquiring an additional 316,707 shares in the last quarter. Lodge Hill Capital LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at about $24,373,000. Border to Coast Pensions Partnership Ltd increased its holdings in shares of Walt Disney by 13.6% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after purchasing an additional 60,353 shares during the period. Finally, Chapin Davis Inc. lifted its position in shares of Walt Disney by 10.4% in the second quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant’s stock worth $3,735,000 after purchasing an additional 2,828 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research reports. Jefferies Financial Group decreased their target price on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Arete Research raised Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Monday. Finally, Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Performance

NYSE:DIS opened at $107.04 on Wednesday. The firm has a market capitalization of $191.09 billion, a PE ratio of 15.60, a PEG ratio of 1.49 and a beta of 1.49. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $109.35 and its 200 day simple moving average is $114.64.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping 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 firm had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

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

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.