TD Asset Management Inc Has $113.82 Million Position in The Walt Disney Company (NYSE:DIS)

TD Asset Management Inc cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,146,349 shares of the entertainment giant’s stock after selling 136,988 shares during the quarter. TD Asset Management Inc owned about 0.06% of Walt Disney worth $113,821,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FineMark National Bank & Trust increased its position in Walt Disney by 1.2% during the 2nd quarter. FineMark National Bank & Trust now owns 108,413 shares of the entertainment giant’s stock worth $10,764,000 after buying an additional 1,316 shares during the period. GPM Growth Investors Inc. bought a new position in Walt Disney during the 2nd quarter worth $256,000. Gries Financial LLC increased its position in Walt Disney by 14.9% during the 2nd quarter. Gries Financial LLC now owns 2,852 shares of the entertainment giant’s stock worth $283,000 after buying an additional 370 shares during the period. Belpointe Asset Management LLC increased its position in Walt Disney by 6.3% during the 2nd quarter. Belpointe Asset Management LLC now owns 18,658 shares of the entertainment giant’s stock worth $1,853,000 after buying an additional 1,100 shares during the period. Finally, Strategy Asset Managers LLC increased its position in Walt Disney by 5.8% during the 2nd quarter. Strategy Asset Managers LLC now owns 56,002 shares of the entertainment giant’s stock worth $5,560,000 after buying an additional 3,094 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America lowered their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Moffett Nathanson lowered their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research report on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

Shares of DIS opened at $88.65 on Friday. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market capitalization of $161.61 billion, a price-to-earnings ratio of 96.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The business has a 50-day moving average of $92.21 and a 200-day moving average of $103.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the company earned $1.03 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

About Walt Disney

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.