The Walt Disney Company (NYSE:DIS) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lowered its position in The Walt Disney Company (NYSE:DIS) by 10.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 122,249 shares of the entertainment giant’s stock after selling 14,753 shares during the quarter. Cidel Asset Management Inc.’s holdings in The Walt Disney were worth $21,488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. MONECO Advisors LLC increased its stake in shares of The Walt Disney by 12.4% in the second quarter. MONECO Advisors LLC now owns 4,995 shares of the entertainment giant’s stock valued at $878,000 after purchasing an additional 550 shares during the period. Financial Architects Inc increased its stake in shares of The Walt Disney by 0.7% in the second quarter. Financial Architects Inc now owns 9,953 shares of the entertainment giant’s stock valued at $1,750,000 after purchasing an additional 65 shares during the period. Dynamic Advisor Solutions LLC increased its stake in shares of The Walt Disney by 4.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 31,998 shares of the entertainment giant’s stock valued at $5,624,000 after purchasing an additional 1,509 shares during the period. Brighton Jones LLC increased its stake in shares of The Walt Disney by 1.4% during the second quarter. Brighton Jones LLC now owns 26,531 shares of the entertainment giant’s stock valued at $4,663,000 after acquiring an additional 374 shares during the period. Finally, Inverness Counsel LLC NY increased its stake in shares of The Walt Disney by 32.2% during the second quarter. Inverness Counsel LLC NY now owns 277,877 shares of the entertainment giant’s stock valued at $48,842,000 after acquiring an additional 67,651 shares during the period. Institutional investors own 64.10% of the company’s stock.

A number of research firms recently commented on DIS. Wells Fargo & Company raised their price objective on shares of The Walt Disney from $209.00 to $216.00 and gave the company an “overweight” rating in a research note on Friday, August 13th. UBS Group raised their target price on shares of The Walt Disney from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, August 13th. Zacks Investment Research cut shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 target price for the company. in a report on Wednesday, August 18th. BMO Capital Markets raised their target price on shares of The Walt Disney from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, August 13th. Finally, Barclays raised their target price on shares of The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 13th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently 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 Walt Disney 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 transaction, the executive vice president now owns 42,620 shares in the company, valued at approximately $7,951,613.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert A. Chapek sold 10,587 shares of The Walt Disney stock in a transaction on Tuesday, August 31st. The stock was 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. 0.25% of the stock is currently owned by company insiders.

DIS stock traded up $1.36 during midday trading on Wednesday, reaching $183.76. The company had a trading volume of 254,622 shares, compared to its average volume of 9,566,108. The Walt Disney Company has a 1 year low of $117.23 and a 1 year high of $203.02. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $333.92 billion, a P/E ratio of 299.02, a PEG ratio of 3.50 and a beta of 1.19. The company has a 50 day moving average of $178.78 and a two-hundred day moving average of $181.34.

The Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.23. The business had revenue of $17.02 billion for the quarter, compared to the consensus estimate 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 last year, the firm earned $0.08 EPS. On average, sell-side analysts anticipate that The Walt Disney Company will post 2.45 earnings per share for the current year.

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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