Industrial Alliance Investment Management Inc. Has $48,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Industrial Alliance Investment Management Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 94.4% during the second quarter, HoldingsChannel reports. The fund owned 485 shares of the entertainment giant’s stock after selling 8,229 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in Walt Disney were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after buying an additional 916,772 shares during the period. Jennison Associates LLC acquired a new position in Walt Disney in the 1st quarter valued at approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after purchasing an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. increased its position in shares of Walt Disney by 41.3% during the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Walt Disney by 555.9% in the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after purchasing an additional 810,923 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.6 %

DIS stock traded up $0.57 during trading on Friday, hitting $90.38. The company had a trading volume of 8,401,126 shares, compared to its average volume of 11,458,939. The firm has a 50-day moving average price of $93.47 and a 200-day moving average price of $104.17. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The stock has a market cap of $164.77 billion, a price-to-earnings ratio of 98.24, a PEG ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, analysts predict that The Walt Disney Company will post 4.77 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company dropped their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group started coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Loop Capital lowered their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

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.