Lincluden Management Ltd. Sells 6,400 Shares of The Walt Disney Company $DIS

Key Points

• Lincluden Management Ltd. reduced its stake in The Walt Disney Company by 14.2%, selling 6,400 shares during the 2nd quarter, leaving them with 38,821 shares valued at approximately $4.81 million.
• The company recently reported $1.61 EPS for the last quarter, surpassing analyst expectations, with revenues of $23.65 billion, a slight decline from expectations of $23.69 billion.
• Walt Disney has seen support from several large investors, with institutions holding 65.71% of the stock, while analysts maintain a consensus rating of "Moderate Buy" with an average target price of $131.18.

Lincluden Management Ltd. reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 14.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,821 shares of the entertainment giant's stock after selling 6,400 shares during the quarter. Lincluden Management Ltd.'s holdings in Walt Disney were worth $4,814,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DIS. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the 2nd quarter valued at about $4,220,599,000. Nuveen LLC bought a new position in Walt Disney in the 1st quarter valued at about $1,353,607,000. Diamond Hill Capital Management Inc. raised its holdings in Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the period. Vanguard Group Inc. increased its holdings in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Walt Disney by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after purchasing an additional 1,642,907 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $109.17 on Friday. The company's 50 day simple moving average is $115.36 and its 200 day simple moving average is $110.41. The stock has a market capitalization of $196.27 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54. 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.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for 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 firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Evercore ISI lifted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Stephens reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average 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.

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