Healthcare of Ontario Pension Plan Trust Fund Sells 254,500 Shares of The Walt Disney Company (NYSE:DIS)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 83.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,100 shares of the entertainment giant’s stock after selling 254,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Walt Disney were worth $6,253,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. ESL Trust Services LLC bought a new stake in Walt Disney during the 1st quarter worth approximately $31,000. Planned Solutions Inc. bought a new stake in Walt Disney during the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. bought a new stake in Walt Disney during the 4th quarter worth approximately $28,000. Partnership Wealth Management LLC bought a new stake in Walt Disney during the 4th quarter worth approximately $33,000. Finally, Stone House Investment Management LLC grew its position in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 0.7 %

DIS stock traded down $0.59 during trading hours on Thursday, reaching $89.21. 10,645,251 shares of the stock were exchanged, compared to its average volume of 11,307,517. The company has a market cap of $162.63 billion, a price-to-earnings ratio of 97.79, a PEG ratio of 1.13 and a beta of 1.40. The firm’s 50-day moving average is $99.93 and its 200-day moving average is $105.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. On average, equities research analysts expect that The Walt Disney Company will post 4.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DIS shares. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Tuesday, May 21st. Moffett Nathanson reduced their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company upped their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Barclays reduced their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Finally, Guggenheim upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $126.44.

Insider Activity

In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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.