BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 3.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 914,395 shares of the entertainment giant’s stock after selling 28,553 shares during the period. Walt Disney comprises approximately 0.7% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s portfolio, making the stock its 28th biggest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Walt Disney were worth $90,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Advisors LLC bought a new position in shares of Walt Disney in the third quarter valued at approximately $137,000. Malaga Cove Capital LLC bought a new position in shares of Walt Disney in the third quarter valued at approximately $140,000. Krilogy Financial LLC grew its holdings in shares of Walt Disney by 13.2% in the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after acquiring an additional 166 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of Walt Disney by 34.3% in the second quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock valued at $152,000 after acquiring an additional 3,923 shares in the last quarter. Finally, BDO Wealth Advisors LLC bought a new position in shares of Walt Disney in the second quarter valued at approximately $153,000. 61.58% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on DIS shares. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Barclays set a $105.00 price objective on Walt Disney and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Edward Jones downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Friday, December 15th. Finally, B. Riley reiterated a “hold” rating and issued a $101.00 price objective (up previously from $97.00) on shares of Walt Disney in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $118.63.

Shares of Walt Disney Co (NYSE:DIS) opened at $103.09 on Monday. The stock has a market capitalization of $155,700.00, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.80 and a beta of 1.30. Walt Disney Co has a 12-month low of $96.20 and a 12-month high of $116.10. The company has a current ratio of 0.87, a quick ratio of 0.74 and a debt-to-equity ratio of 0.43.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.28. The firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 earnings per share. sell-side analysts forecast that Walt Disney Co will post 6.8 EPS for the current year.

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About Walt Disney

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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

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