Cim Investment Management Inc. Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Cim Investment Management Inc. increased its stake in The Walt Disney Company (NYSE:DIS) by 59.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,624 shares of the entertainment giant’s stock after purchasing an additional 4,730 shares during the quarter. The Walt Disney accounts for 0.7% of Cim Investment Management Inc.’s portfolio, making the stock its 16th largest position. Cim Investment Management Inc.’s holdings in The Walt Disney were worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FORA Capital LLC bought a new stake in shares of The Walt Disney during the 1st quarter valued at $28,000. Penserra Capital Management LLC purchased a new position in The Walt Disney during the second quarter valued at $29,000. Johnson Midwest Financial LLC grew its stake in The Walt Disney by 142.9% during the second quarter. Johnson Midwest Financial LLC now owns 170 shares of the entertainment giant’s stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. FFT Wealth Management LLC purchased a new position in The Walt Disney during the second quarter valued at $37,000. Finally, Financial Insights Inc. purchased a new position in The Walt Disney during the second quarter valued at $37,000. Institutional investors own 64.10% of the company’s stock.

Shares of NYSE DIS traded up $1.84 during trading hours on Thursday, hitting $174.80. 185,409 shares of the stock were exchanged, compared to its average volume of 9,481,632. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.56. The company has a market cap of $317.63 billion, a PE ratio of 283.54, a PEG ratio of 3.50 and a beta of 1.19. The firm has a fifty day moving average price of $178.12 and a 200-day moving average price of $178.97. The Walt Disney Company has a 12 month low of $117.23 and a 12 month high of $203.02.

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

A number of brokerages have commented on DIS. Zacks Investment Research cut shares of 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. Daiwa Capital Markets began coverage on shares of The Walt Disney in a research note on Tuesday, September 21st. They issued a “buy” rating and a $225.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of The Walt Disney from $215.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, August 13th. Wells Fargo & Company dropped their price objective on shares of The Walt Disney from $216.00 to $203.00 and set an “overweight” rating for the company in a research note on Tuesday, September 28th. Finally, Evercore ISI reissued a “buy” rating and issued a $210.00 price objective on shares of The Walt Disney in a research note on Wednesday, September 22nd. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $209.08.

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Friday, August 13th. The shares were sold at an average price of $186.57, for a total value of $1,492,560.00. Following the sale, the executive vice president now directly owns 42,620 shares of the company’s stock, valued at approximately $7,951,613.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Chapek sold 10,587 shares of the company’s stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $182.00, for a total transaction of $1,926,834.00. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

The Walt Disney Profile

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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