Scotia Capital Inc. Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Scotia Capital Inc. reduced its stake in The Walt Disney Company by 16.7%, selling 88,717 shares during the first quarter, bringing their total holdings to 443,360 shares, valued at approximately $43.76 million.
• Walt Disney recently reported $1.45 EPS for its last quarter, exceeding analysts' expectations of $1.21, with revenues totaling $23.62 billion, a 7% increase year-over-year.
• A number of analysts have raised their price targets for Walt Disney, with Citigroup now targeting $140.00, reflecting a general consensus rating of "Moderate Buy" among analysts.

Scotia Capital Inc. cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 16.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 443,360 shares of the entertainment giant's stock after selling 88,717 shares during the period. Scotia Capital Inc.'s holdings in Walt Disney were worth $43,760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Waterloo Capital L.P. boosted its stake in shares of Walt Disney by 3.2% during the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after acquiring an additional 97 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Walt Disney by 0.4% in the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after buying an additional 98 shares in the last quarter. Acorns Advisers LLC lifted its stake in Walt Disney by 2.6% in the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after buying an additional 98 shares in the last quarter. Allegheny Financial Group lifted its stake in shares of Walt Disney by 2.3% during the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares during the period. Finally, Resonant Capital Advisors LLC lifted its stake in shares of Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

DIS opened at $116.57 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a market cap of $209.56 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56. The business's 50 day moving average is $118.76 and its 200-day moving average is $107.72.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the business earned $1.21 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Guggenheim increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Barclays upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.70.

Insider Transactions at Walt Disney

In other Walt Disney 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 value of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

About Walt Disney

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.