Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Walt Disney Co (NYSE:DIS) by 108.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,087 shares of the entertainment giant’s stock after acquiring an additional 123,350 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Walt Disney were worth $24,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trilogy Capital Inc. acquired a new position in Walt Disney in the 1st quarter worth approximately $107,000. Avestar Capital LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $108,000. Live Your Vision LLC boosted its position in Walt Disney by 91.6% in the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after purchasing an additional 500 shares in the last quarter. BDO Wealth Advisors LLC boosted its position in Walt Disney by 184.3% in the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after purchasing an additional 739 shares in the last quarter. Finally, Bruderman Asset Management LLC purchased a new stake in Walt Disney in the 1st quarter worth approximately $116,000. Hedge funds and other institutional investors own 63.05% of the company’s stock.

In other news, EVP Brent Woodford sold 768 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $104.35, for a total transaction of $80,140.80. Following the transaction, the executive vice president now owns 28,493 shares in the company, valued at approximately $2,973,244.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert A. Iger sold 437,679 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $115.00, for a total value of $50,333,085.00. Following the transaction, the chairman now owns 1,498,871 shares in the company, valued at approximately $172,370,165. The disclosure for this sale can be found here. Insiders have sold a total of 710,954 shares of company stock worth $80,620,932 in the last quarter. Insiders own 0.38% of the company’s stock.

DIS has been the topic of several recent research reports. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. B. Riley lowered their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Bank of America set a $144.00 price objective on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Credit Suisse Group initiated coverage on Walt Disney in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $114.00 price objective on the stock. Finally, Royal Bank of Canada restated a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Walt Disney currently has an average rating of “Hold” and an average target price of $119.45.

Shares of NYSE:DIS opened at $109.46 on Thursday. Walt Disney Co has a 1 year low of $96.80 and a 1 year high of $117.90. The company has a market cap of $165.04 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The business had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter last year, the business earned $1.58 EPS. sell-side analysts expect that Walt Disney Co will post 6.92 EPS for the current fiscal year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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