CIBC Private Wealth Group LLC Sells 256,359 Shares of The Walt Disney Company (NYSE:DIS)

CIBC Private Wealth Group LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 16.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,333,538 shares of the entertainment giant’s stock after selling 256,359 shares during the period. CIBC Private Wealth Group LLC owned 0.07% of The Walt Disney worth $246,065,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Morgan Stanley raised its position in The Walt Disney by 11.4% during the 4th quarter. Morgan Stanley now owns 32,108,070 shares of the entertainment giant’s stock worth $5,817,340,000 after purchasing an additional 3,291,751 shares during the last quarter. FMR LLC raised its position in The Walt Disney by 16.1% during the 4th quarter. FMR LLC now owns 23,913,777 shares of the entertainment giant’s stock worth $4,332,698,000 after purchasing an additional 3,315,118 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in The Walt Disney by 37.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,494,013 shares of the entertainment giant’s stock worth $3,531,925,000 after purchasing an additional 5,288,711 shares during the last quarter. Norges Bank bought a new position in The Walt Disney during the 4th quarter worth $3,003,286,000. Finally, Fisher Asset Management LLC raised its position in The Walt Disney by 4.6% during the 1st quarter. Fisher Asset Management LLC now owns 10,344,169 shares of the entertainment giant’s stock worth $1,908,706,000 after purchasing an additional 455,393 shares during the last quarter. 64.04% of the stock is owned by institutional investors and hedge funds.

Shares of The Walt Disney stock traded up $0.50 during mid-day trading on Friday, hitting $177.07. 108,940 shares of the stock were exchanged, compared to its average volume of 10,277,439. The Walt Disney Company has a 12 month low of $108.02 and a 12 month high of $203.02. The firm’s 50-day moving average is $181.01. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $321.72 billion, a P/E ratio of -70.63, a P/E/G ratio of 3.70 and a beta of 1.19.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, May 13th. The entertainment giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.52. The company had revenue of $15.61 billion for the quarter, compared to analysts’ expectations of $15.99 billion. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The Walt Disney’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, research analysts predict that The Walt Disney Company will post 2.28 EPS for the current fiscal year.

In other The Walt Disney news, Chairman Robert A. Iger sold 550,570 shares of the business’s stock in a transaction on Tuesday, June 1st. The shares were sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the sale, the chairman now owns 569,131 shares of the company’s stock, valued at approximately $101,993,966.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan E. Arnold sold 8,400 shares of the business’s stock in a transaction on Wednesday, June 2nd. The shares were sold at an average price of $177.75, for a total transaction of $1,493,100.00. Following the sale, the director now directly owns 41,498 shares in the company, valued at approximately $7,376,269.50. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

A number of analysts have weighed in on the company. Argus increased their price target on The Walt Disney from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, February 17th. Evercore ISI increased their price target on The Walt Disney from $200.00 to $210.00 in a report on Friday, February 12th. Royal Bank of Canada reiterated a “buy” rating and set a $202.00 price target on shares of The Walt Disney in a report on Friday, May 14th. Truist decreased their price target on The Walt Disney from $205.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 17th. They noted that the move was a valuation call. Finally, Truist Securities decreased their price target on The Walt Disney from $205.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $195.48.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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