The Walt Disney Company $DIS Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in The Walt Disney Company (NYSE:DIS) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 481,667 shares of the entertainment giant’s stock after selling 61,513 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Walt Disney were worth $59,732,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the second quarter worth about $4,220,599,000. Wedge Capital Management L L P NC raised its position in shares of Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after purchasing an additional 316,707 shares during the period. Lodge Hill Capital LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $24,373,000. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Walt Disney by 13.6% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after purchasing an additional 60,353 shares during the last quarter. Finally, Chapin Davis Inc. boosted its position in Walt Disney by 10.4% during the 2nd quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant’s stock valued at $3,735,000 after purchasing an additional 2,828 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $111.52 on Friday. The company has a market capitalization of $199.10 billion, a P/E ratio of 16.26, a PEG ratio of 1.54 and a beta of 1.49. The company has a 50-day simple moving average of $109.24 and a 200 day simple moving average of $114.59. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating the consensus estimate of $1.03 by $0.08. The firm had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. Walt Disney’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s payout ratio is presently 21.87%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DIS. Cowen reaffirmed a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Wells Fargo & Company lowered their price target on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Citigroup reiterated a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.41.

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.