TD Asset Management Inc Sells 111,545 Shares of The Walt Disney Company $DIS

TD Asset Management Inc lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 819,011 shares of the entertainment giant’s stock after selling 111,545 shares during the quarter. TD Asset Management Inc’s holdings in Walt Disney were worth $101,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Walt Disney by 8.1% in the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock valued at $2,451,000 after acquiring an additional 1,856 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in Walt Disney by 9.9% in the first quarter. Cyndeo Wealth Partners LLC now owns 8,798 shares of the entertainment giant’s stock valued at $868,000 after acquiring an additional 791 shares in the last quarter. Mission Wealth Management LP lifted its position in Walt Disney by 9.6% during the first quarter. Mission Wealth Management LP now owns 28,808 shares of the entertainment giant’s stock valued at $2,843,000 after buying an additional 2,527 shares during the period. Finally, Adero Partners LLC lifted its position in Walt Disney by 12.3% during the first quarter. Adero Partners LLC now owns 2,095 shares of the entertainment giant’s stock valued at $207,000 after buying an additional 229 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DIS has been the subject of several recent analyst reports. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Up 0.8%

Shares of DIS opened at $111.12 on Wednesday. The stock has a market capitalization of $199.79 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The business’s 50 day simple moving average is $115.03 and its 200-day simple moving average is $110.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.