IFM Investors Pty Ltd Sells 190 Shares of The Walt Disney Company (NYSE:DIS)

IFM Investors Pty Ltd decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 367,057 shares of the entertainment giant’s stock after selling 190 shares during the quarter. IFM Investors Pty Ltd’s holdings in Walt Disney were worth $35,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after buying an additional 1,449,730 shares during the period. Legal & General Group Plc grew its position in Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after buying an additional 425,438 shares in the last quarter. Jennison Associates LLC acquired a new position in Walt Disney in the 1st quarter valued at approximately $1,490,492,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after acquiring an additional 293,482 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Down 0.9 %

Walt Disney stock traded down $0.83 during mid-day trading on Thursday, hitting $95.41. 1,961,975 shares of the company’s stock were exchanged, compared to its average volume of 10,870,189. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $173.94 billion, a P/E ratio of 104.61, a PEG ratio of 1.49 and a beta of 1.40. The company’s 50 day simple moving average is $92.36 and its 200-day simple moving average is $98.44.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Wednesday. Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. UBS Group lowered their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI cut their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Morgan Stanley lowered their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Company 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.