BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 47,154 Shares of The Walt Disney Company (NYSE:DIS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 13.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 304,190 shares of the entertainment giant’s stock after selling 47,154 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Walt Disney were worth $29,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. PGGM Investments bought a new stake in shares of Walt Disney during the first quarter worth $1,036,000. Westwood Holdings Group Inc. lifted its stake in Walt Disney by 20.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 5,158 shares of the entertainment giant’s stock valued at $631,000 after acquiring an additional 884 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Walt Disney by 32.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,303 shares of the entertainment giant’s stock worth $1,138,000 after acquiring an additional 2,262 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of Walt Disney by 10.7% in the second quarter. Transcend Capital Advisors LLC now owns 35,849 shares of the entertainment giant’s stock valued at $3,559,000 after purchasing an additional 3,470 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Walt Disney by 29.1% during the second quarter. GAMMA Investing LLC now owns 17,232 shares of the entertainment giant’s stock worth $1,711,000 after purchasing an additional 3,884 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Evercore ISI raised their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays decreased their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Bank of America upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $117.47 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of $212.73 billion, a price-to-earnings ratio of 43.35, a P/E/G ratio of 2.19 and a beta of 1.40. The stock’s fifty day moving average price is $100.46 and its two-hundred day moving average price is $97.23. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.