Northwest & Ethical Investments L.P. Sells 25,435 Shares of The Walt Disney Company $DIS

Key Points

• Northwest & Ethical Investments L.P. reduced its stake in The Walt Disney Company by 30.1%, selling 25,435 shares, leaving them with a total of 59,081 shares worth approximately $5.83 million.
• Several institutional investors, including Clearstead Trust and Hemington Wealth Management, have made minor adjustments to their positions, indicating ongoing interest in Walt Disney stock.
• Analysts remain optimistic about Walt Disney, with multiple firms raising their price targets, leading to a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Northwest & Ethical Investments L.P. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 30.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,081 shares of the entertainment giant's stock after selling 25,435 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Walt Disney were worth $5,830,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney during the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney in the 4th quarter worth approximately $27,000. Kessler Investment Group LLC boosted its stake in Walt Disney by 274.0% in the 1st 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 acquired a new position in Walt Disney in the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Walt Disney in the 4th quarter worth approximately $39,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 0.9%

Shares of Walt Disney stock traded up $1.0240 during midday trading on Wednesday, reaching $117.2940. 4,280,318 shares of the company's stock traded hands, compared to its average volume of 9,732,383. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company's 50 day simple moving average is $119.29 and its 200 day simple moving average is $108.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $210.89 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the business posted $1.39 EPS. Walt Disney's revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent analyst reports. Guggenheim raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Evercore ISI raised their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, August 7th. Stephens reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.