The Walt Disney Company (NYSE:DIS) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Posted by on Sep 11th, 2023

Healthcare of Ontario Pension Plan Trust Fund raised its position in The Walt Disney Company (NYSE:DIS – Free Report) by 88.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 116,500 shares of the entertainment giant’s stock after buying an additional 54,516 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Walt Disney were worth $11,665,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Morgan Stanley increased its stake in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares during the period. Geode Capital Management LLC grew its stake in shares of Walt Disney by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 31,823,656 shares of the entertainment giant’s stock worth $2,758,969,000 after purchasing an additional 654,802 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Walt Disney by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock worth $2,358,578,000 after purchasing an additional 3,023,997 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares during the period. Finally, Norges Bank acquired a new position in shares of Walt Disney during the 4th quarter worth $1,433,075,000. 61.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares in the company, valued at $85,577.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 26th. Evercore ISI decreased their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, July 24th. Truist Financial reiterated a “buy” rating and issued a $105.00 price objective on shares of Walt Disney in a research report on Monday, August 21st. Atlantic Securities lowered shares of Walt Disney from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $113.00 to $76.00 in a research report on Tuesday, July 25th. Finally, StockNews.com assumed coverage on shares of Walt Disney in a research report on Thursday, August 17th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $115.26.

Read Our Latest Analysis on Walt Disney

Walt Disney Stock Up 1.3 %

Shares of NYSE:DIS opened at $81.58 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a 52-week low of $79.75 and a 52-week high of $118.18. The company has a 50 day moving average of $86.35 and a two-hundred day moving average of $92.16. The company has a market capitalization of $149.27 billion, a price-to-earnings ratio of 66.33, a price-to-earnings-growth ratio of 1.62 and a beta of 1.28.

Walt Disney (NYSE:DIS – Get Free Report) last released its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. As a group, analysts forecast that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

About Walt Disney

(Free Report)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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

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