The Walt Disney Company (NYSE:DIS) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its holdings in The Walt Disney Company (NYSE:DIS) by 15.8% in the 1st quarter, HoldingsChannel reports. The fund owned 2,315,429 shares of the entertainment giant’s stock after acquiring an additional 315,843 shares during the period. Canada Pension Plan Investment Board’s holdings in The Walt Disney were worth $427,243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FORA Capital LLC acquired a new position in The Walt Disney in the 1st quarter valued at $28,000. Lloyd Advisory Services LLC. lifted its holdings in shares of The Walt Disney by 210.7% during the 1st quarter. Lloyd Advisory Services LLC. now owns 233 shares of the entertainment giant’s stock worth $43,000 after acquiring an additional 158 shares during the period. Cardinal Capital Management Inc. lifted its holdings in shares of The Walt Disney by 243.8% during the 1st quarter. Cardinal Capital Management Inc. now owns 275 shares of the entertainment giant’s stock worth $51,000 after acquiring an additional 195 shares during the period. Selective Wealth Management Inc. lifted its holdings in shares of The Walt Disney by 93.8% during the 1st quarter. Selective Wealth Management Inc. now owns 310 shares of the entertainment giant’s stock worth $57,000 after acquiring an additional 150 shares during the period. Finally, Human Investing LLC lifted its holdings in shares of The Walt Disney by 185.2% during the 1st quarter. Human Investing LLC now owns 348 shares of the entertainment giant’s stock worth $64,000 after acquiring an additional 226 shares during the period. Institutional investors own 63.84% of the company’s stock.

DIS stock traded down $1.77 during trading on Thursday, hitting $175.12. 299,461 shares of the company’s stock traded hands, compared to its average volume of 9,377,594. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 0.57. The Walt Disney Company has a 52 week low of $113.37 and a 52 week high of $203.02. The firm’s fifty day moving average price is $176.22. The stock has a market cap of $318.18 billion, a PE ratio of -70.76, a price-to-earnings-growth ratio of 3.61 and a beta of 1.19.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, May 13th. The entertainment giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.52. The business had revenue of $15.61 billion for the quarter, compared to analysts’ expectations of $15.99 billion. The Walt Disney had a positive return on equity of 2.07% and a negative net margin of 7.73%. The business’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 2.33 earnings per share for the current fiscal year.

In related news, Chairman Robert A. Iger sold 550,570 shares of The Walt Disney stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of $179.21, for a total value of $98,667,649.70. Following the sale, the chairman now directly owns 569,131 shares in the company, valued at approximately $101,993,966.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Susan E. Arnold sold 8,400 shares of The Walt Disney stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $177.75, for a total transaction of $1,493,100.00. Following the completion of the sale, the director now owns 41,498 shares in the company, valued at $7,376,269.50. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on DIS. Royal Bank of Canada reiterated a “buy” rating and set a $202.00 price objective on shares of The Walt Disney in a research note on Friday, May 14th. The Goldman Sachs Group cut their price objective on shares of The Walt Disney from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, May 14th. Wells Fargo & Company boosted their price objective on shares of The Walt Disney from $201.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, April 20th. Morgan Stanley boosted their price objective on shares of The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, May 12th. Finally, Sanford C. Bernstein reiterated a “neutral” rating and issued a $163.00 price objective on shares of The Walt Disney in a report on Friday, May 14th. Four research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $204.88.

The Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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