Lincluden Management Ltd. Has $4.81 Million Stock Position in The Walt Disney Company $DIS

Lincluden Management Ltd. lowered its stake in The Walt Disney Company (NYSE:DIS) by 14.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 38,821 shares of the entertainment giant’s stock after selling 6,400 shares during the period. Lincluden Management Ltd.’s holdings in Walt Disney were worth $4,814,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney in the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC lifted its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. First PREMIER Bank lifted its holdings in shares of Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in shares of Walt Disney during the second quarter worth $49,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $109.17 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a fifty day simple moving average of $115.36 and a 200 day simple moving average of $110.41. The company has a market capitalization of $196.27 billion, a PE ratio of 17.11, a P/E/G ratio of 1.43 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the firm earned $1.39 earnings per share. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

DIS has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. UBS Group lifted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney 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.