Leith Wheeler Investment Counsel Ltd. Sells 148,731 Shares of The Walt Disney Company $DIS

Key Points

• Leith Wheeler Investment Counsel Ltd. reduced its holdings in The Walt Disney Company by 40.8%, selling 148,731 shares, leaving them with 215,627 shares worth approximately $26.74 million.
• Several hedge funds, including Hazlett Burt & Watson Inc. and Allspring Global Investments Holdings LLC, have recently increased their stakes in Disney, indicating a broader interest among institutional investors.
• Walt Disney's stock is currently rated as a "Moderate Buy" with a consensus target price of $131.18, reflecting confidence from multiple analysts despite recent market fluctuations.

Leith Wheeler Investment Counsel Ltd. trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 40.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,627 shares of the entertainment giant's stock after selling 148,731 shares during the period. Walt Disney makes up 1.6% of Leith Wheeler Investment Counsel Ltd.'s portfolio, making the stock its 20th biggest holding. Leith Wheeler Investment Counsel Ltd.'s holdings in Walt Disney were worth $26,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. boosted its holdings in Walt Disney by 22.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 7,123 shares of the entertainment giant's stock valued at $885,000 after acquiring an additional 1,300 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Walt Disney by 190.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 269,948 shares of the entertainment giant's stock valued at $33,336,000 after acquiring an additional 176,855 shares during the period. Genesee Capital Advisors LLC bought a new stake in Walt Disney during the second quarter valued at about $215,000. Sharp Financial Services LLC bought a new stake in Walt Disney during the second quarter valued at about $202,000. Finally, LRI Investments LLC boosted its holdings in Walt Disney by 7.3% during the second quarter. LRI Investments LLC now owns 3,329 shares of the entertainment giant's stock valued at $413,000 after acquiring an additional 227 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a research note on Wednesday, October 8th. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Tuesday, September 23rd. Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Stock Down 1.6%

Shares of DIS opened at $109.17 on Monday. The stock has a market cap of $196.27 billion, a price-to-earnings 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. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a 50-day moving average price of $115.36 and a two-hundred day moving average price of $110.48.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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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