The Walt Disney Company (NYSE:DIS) Shares Sold by abrdn plc

abrdn plc reduced its holdings in The Walt Disney Company (NYSE:DIS) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 796,538 shares of the entertainment giant’s stock after selling 127,135 shares during the quarter. abrdn plc’s holdings in The Walt Disney were worth $140,008,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in The Walt Disney by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 27,115,787 shares of the entertainment giant’s stock valued at $4,988,460,000 after purchasing an additional 823,137 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in The Walt Disney by 8.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,179,052 shares of the entertainment giant’s stock valued at $3,907,959,000 after purchasing an additional 1,685,039 shares in the last quarter. Fisher Asset Management LLC boosted its stake in The Walt Disney by 3.7% during the 2nd quarter. Fisher Asset Management LLC now owns 10,725,272 shares of the entertainment giant’s stock valued at $1,885,181,000 after purchasing an additional 381,103 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in The Walt Disney by 3.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 9,613,857 shares of the entertainment giant’s stock valued at $1,773,949,000 after purchasing an additional 323,467 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in The Walt Disney by 0.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,817,046 shares of the entertainment giant’s stock valued at $1,374,002,000 after purchasing an additional 61,213 shares in the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on The Walt Disney from $202.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, August 13th. Barclays raised their price objective on The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, August 13th. Zacks Investment Research lowered The Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 price objective for the company. in a research note on Wednesday, August 18th. Wells Fargo & Company raised their price objective on The Walt Disney from $209.00 to $216.00 and gave the stock an “overweight” rating in a research note on Friday, August 13th. Finally, The Goldman Sachs Group raised their price objective on The Walt Disney from $215.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, August 13th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, The Walt Disney has a consensus rating of “Buy” and a consensus target price of $208.56.

In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Friday, August 13th. The stock was sold at an average price of $186.57, for a total transaction of $1,492,560.00. Following the completion of the sale, the executive vice president now directly owns 42,620 shares in the company, valued at $7,951,613.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert A. Chapek sold 10,587 shares of the firm’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $182.00, for a total value of $1,926,834.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

Shares of NYSE:DIS traded up $1.07 during midday trading on Wednesday, hitting $183.47. 248,207 shares of the stock were exchanged, compared to its average volume of 9,566,108. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.24. The Walt Disney Company has a 52-week low of $117.23 and a 52-week high of $203.02. The business’s fifty day simple moving average is $178.78 and its two-hundred day simple moving average is $181.34. The company has a market capitalization of $333.39 billion, a PE ratio of 299.02, a P/E/G ratio of 3.50 and a beta of 1.19.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.23. The Walt Disney had a return on equity of 3.78% and a net margin of 1.77%. The business had revenue of $17.02 billion during the quarter, compared to analyst estimates of $16.82 billion. During the same period last year, the company earned $0.08 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 2.45 EPS for the current year.

About The Walt Disney

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

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

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