CIBC Asset Management Inc Increases Holdings in The Walt Disney Company (NYSE:DIS)

CIBC Asset Management Inc lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 9.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 319,189 shares of the entertainment giant’s stock after purchasing an additional 26,848 shares during the quarter. CIBC Asset Management Inc’s holdings in Walt Disney were worth $30,702,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DIS. Quent Capital LLC grew its position in Walt Disney by 4.4% during the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after buying an additional 327 shares in the last quarter. Spirepoint Private Client LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at about $239,000. TIAA Trust National Association grew its holdings in shares of Walt Disney by 1.8% during the first quarter. TIAA Trust National Association now owns 92,130 shares of the entertainment giant’s stock worth $11,273,000 after purchasing an additional 1,621 shares in the last quarter. Connors Investor Services Inc. bought a new position in shares of Walt Disney in the first quarter worth approximately $10,474,000. Finally, Blue Barn Wealth LLC increased its position in shares of Walt Disney by 16.4% in the first quarter. Blue Barn Wealth LLC now owns 2,702 shares of the entertainment giant’s stock worth $331,000 after purchasing an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Macquarie lifted their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays reduced their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Trading Up 5.4 %

DIS opened at $115.06 on Friday. The firm has a market capitalization of $208.67 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 1.67 and a beta of 1.40. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The business has a 50 day simple moving average of $95.03 and a two-hundred day simple moving average of $96.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

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.