Caisse DE Depot ET Placement DU Quebec Reduces Stock Position in The Walt Disney Company $DIS

Key Points

• Caisse de Depot et Placement du Quebec decreased its stake in The Walt Disney Company by 47.6%, resulting in ownership of 527,939 shares worth approximately $52.1 million.
• The Walt Disney Company reported an EPS of $1.61 for its latest quarter, surpassing estimates, but its revenue fell slightly short of expectations at $23.65 billion.
• Analysts have set new price targets for Disney, with Morgan Stanley raising its target from $120 to $140, while overall consensus ratings lean towards a Moderate Buy with a target price of $131.18.

Caisse DE Depot ET Placement DU Quebec lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 47.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 527,939 shares of the entertainment giant's stock after selling 479,364 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Walt Disney were worth $52,108,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DIS. Corebridge Financial Inc. increased its position in shares of Walt Disney by 1.8% in the first quarter. Corebridge Financial Inc. now owns 423,692 shares of the entertainment giant's stock valued at $41,818,000 after buying an additional 7,483 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd increased its holdings in Walt Disney by 18.9% during the 1st quarter. Taikang Asset Management Hong Kong Co Ltd now owns 38,041 shares of the entertainment giant's stock valued at $3,755,000 after acquiring an additional 6,041 shares in the last quarter. Apexium Financial LP raised its position in Walt Disney by 2.6% during the first quarter. Apexium Financial LP now owns 127,140 shares of the entertainment giant's stock worth $12,549,000 after acquiring an additional 3,232 shares during the last quarter. Oak Harvest Investment Services lifted its holdings in shares of Walt Disney by 5.2% in the first quarter. Oak Harvest Investment Services now owns 64,895 shares of the entertainment giant's stock valued at $6,405,000 after purchasing an additional 3,235 shares in the last quarter. Finally, ICONIQ Capital LLC grew its position in shares of Walt Disney by 14.7% in the first quarter. ICONIQ Capital LLC now owns 9,293 shares of the entertainment giant's stock valued at $917,000 after purchasing an additional 1,188 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Down 0.9%

Shares of Walt Disney stock opened at $117.80 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The business has a 50-day moving average of $119.18 and a 200-day moving average of $108.26. The company has a market capitalization of $211.80 billion, a PE ratio of 18.46, a P/E/G ratio of 1.72 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business's revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIS. Morgan Stanley upped their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

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.

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