CIBC Private Wealth Group LLC Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

CIBC Private Wealth Group LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 16.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,333,538 shares of the entertainment giant’s stock after selling 256,359 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in The Walt Disney were worth $246,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Centric Wealth Management boosted its holdings in shares of The Walt Disney by 1.5% in the 1st quarter. Centric Wealth Management now owns 3,655 shares of the entertainment giant’s stock valued at $674,000 after acquiring an additional 53 shares during the last quarter. Novak Financial Planning LLC boosted its holdings in shares of The Walt Disney by 1.3% in the 1st quarter. Novak Financial Planning LLC now owns 4,176 shares of the entertainment giant’s stock valued at $771,000 after acquiring an additional 54 shares during the last quarter. Advanced Research Investment Solutions LLC lifted its stake in shares of The Walt Disney by 50.9% in the 4th quarter. Advanced Research Investment Solutions LLC now owns 163 shares of the entertainment giant’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Regal Wealth Group Inc. lifted its stake in shares of The Walt Disney by 2.9% in the 1st quarter. Regal Wealth Group Inc. now owns 1,953 shares of the entertainment giant’s stock valued at $360,000 after purchasing an additional 55 shares during the period. Finally, Maltin Wealth Management Inc. lifted its stake in shares of The Walt Disney by 3.3% in the 1st quarter. Maltin Wealth Management Inc. now owns 1,707 shares of the entertainment giant’s stock valued at $315,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 64.04% of the company’s stock.

Several equities analysts recently issued reports on DIS shares. Truist Securities decreased their target price on shares of The Walt Disney from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, May 17th. The Goldman Sachs Group decreased their target price on shares of The Walt Disney from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, May 14th. Zacks Investment Research upgraded shares of The Walt Disney from a “sell” rating to a “hold” rating and set a $193.00 target price for the company in a research note on Monday, February 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of The Walt Disney from $222.00 to $213.00 and set a “buy” rating for the company in a research note on Tuesday, May 18th. Finally, Credit Suisse Group upped their price objective on shares of The Walt Disney from $192.00 to $218.00 and gave the stock an “outperform” rating in a research report on Friday, February 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $195.48.

In related news, Director Susan E. Arnold sold 8,400 shares of the firm’s stock in a transaction that occurred on Wednesday, June 2nd. The shares were sold at an average price of $177.75, for a total value of $1,493,100.00. Following the sale, the director now owns 41,498 shares of the company’s stock, valued at $7,376,269.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert A. Iger sold 550,570 shares of the firm’s stock in a transaction that occurred on Tuesday, June 1st. The shares were sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the completion of the sale, the chairman now directly owns 569,131 shares in the company, valued at approximately $101,993,966.51. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

DIS stock traded up $0.50 during mid-day trading on Friday, hitting $177.07. 108,940 shares of the company were exchanged, compared to its average volume of 10,277,439. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $321.72 billion, a price-to-earnings ratio of -70.63, a P/E/G ratio of 3.70 and a beta of 1.19. The firm’s fifty day simple moving average is $181.01. The Walt Disney Company has a 12-month low of $108.02 and a 12-month high of $203.02.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, May 13th. The entertainment giant reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.52. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The business had revenue of $15.61 billion during the quarter, compared to analyst estimates of $15.99 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 2.28 EPS for the current fiscal year.

The Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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