Mackenzie Financial Corp Has $56.47 Million Position in The Walt Disney Company (NYSE:DIS)

Mackenzie Financial Corp boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 507,142 shares of the entertainment giant's stock after purchasing an additional 103,217 shares during the period. Mackenzie Financial Corp's holdings in Walt Disney were worth $56,470,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney in the fourth quarter valued at approximately $28,000. Tacita Capital Inc lifted its stake in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney in the 4th quarter valued at $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $109.73 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market cap of $197.27 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.80 and a beta of 1.49. The firm has a 50 day simple moving average of $95.89 and a 200 day simple moving average of $105.25. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Guggenheim reduced their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Rosenblatt Securities restated a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Finally, Barclays boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.

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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