Fiera Capital Corp Sells 1,627 Shares of Walt Disney Co (NYSE:DIS)

Fiera Capital Corp trimmed its stake in Walt Disney Co (NYSE:DIS) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 529,795 shares of the entertainment giant’s stock after selling 1,627 shares during the period. Fiera Capital Corp’s holdings in Walt Disney were worth $76,624,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DIS. Johanson Financial Advisors Inc. raised its holdings in shares of Walt Disney by 15,514.4% in the fourth quarter. Johanson Financial Advisors Inc. now owns 3,938,107 shares of the entertainment giant’s stock worth $27,224,000 after buying an additional 3,912,886 shares during the period. State Street Corp increased its holdings in Walt Disney by 2.0% during the 3rd quarter. State Street Corp now owns 74,553,147 shares of the entertainment giant’s stock worth $9,715,766,000 after purchasing an additional 1,431,054 shares during the period. M&G Investment Management Ltd. purchased a new position in Walt Disney during the 4th quarter worth $194,314,000. California Public Employees Retirement System increased its holdings in Walt Disney by 17.5% during the 3rd quarter. California Public Employees Retirement System now owns 4,939,725 shares of the entertainment giant’s stock worth $643,745,000 after purchasing an additional 735,936 shares during the period. Finally, Findlay Park Partners LLP purchased a new position in Walt Disney during the 3rd quarter worth $91,224,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DIS opened at $139.54 on Friday. Walt Disney Co has a 12-month low of $107.32 and a 12-month high of $153.41. The business’s fifty day simple moving average is $142.95 and its 200-day simple moving average is $139.51. The company has a market capitalization of $251.93 billion, a PE ratio of 22.29, a P/E/G ratio of 5.13 and a beta of 1.00. The company has a current ratio of 0.80, a quick ratio of 0.75 and a debt-to-equity ratio of 0.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.09. The business had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.84 billion. Walt Disney had a return on equity of 10.23% and a net margin of 13.81%. The business’s revenue was up 36.3% compared to the same quarter last year. During the same period last year, the business posted $1.84 EPS. Research analysts predict that Walt Disney Co will post 5.39 EPS for the current year.

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.88 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend yield of 1.2%. Walt Disney’s payout ratio is 30.50%.

Several research analysts have commented on DIS shares. JPMorgan Chase & Co. raised their price objective on Walt Disney from $160.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. UBS Group raised their price objective on Walt Disney from $155.00 to $162.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Wells Fargo & Co raised their price objective on Walt Disney from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Guggenheim raised their price objective on Walt Disney from to in a report on Wednesday, February 5th. Finally, Cowen raised their price objective on Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $160.36.

In other news, EVP Alan N. Braverman sold 3,107 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $146.14, for a total value of $454,056.98. Following the completion of the sale, the executive vice president now owns 104,358 shares of the company’s stock, valued at approximately $15,250,878.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $152.16, for a total value of $608,640.00. Following the completion of the sale, the executive vice president now directly owns 36,479 shares of the company’s stock, valued at approximately $5,550,644.64. The disclosure for this sale can be found here. Insiders sold a total of 10,258 shares of company stock valued at $1,525,940 in the last three months. Insiders own 0.31% of the company’s stock.

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 cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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