214,602 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired a new stake of 214,602 shares in The Walt Disney Company, valued at approximately $21.18 million, in the first quarter.
• Multiple institutional investors increased their holdings in Disney significantly; for example, DZ BANK AG boosted their stake by 1,900% and now owns shares worth $638.7 million.
• Several analysts have raised their target prices for Disney stocks, with Citigroup setting a new target at $140 and maintaining a "buy" rating.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 214,602 shares of the entertainment giant's stock, valued at approximately $21,181,000.

Several other large investors also recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the first quarter worth $26,000. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% in 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. Copia Wealth Management bought a new position in shares of Walt Disney in the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Walt Disney in the fourth quarter worth $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on DIS shares. Rosenblatt Securities lifted their target price on Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research note on Monday. Stephens reissued a "buy" rating on shares of Walt Disney in a research note on Monday. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Performance

Shares of DIS stock traded up $1.27 on Tuesday, hitting $113.82. 7,273,727 shares of the stock were exchanged, compared to its average volume of 9,863,791. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $204.64 billion, a PE ratio of 17.84, a P/E/G ratio of 1.62 and a beta of 1.56. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm's 50 day moving average is $119.16 and its two-hundred day moving average is $107.98.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. 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 company earned $1.39 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.