Healthcare of Ontario Pension Plan Trust Fund Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in The Walt Disney Company (NYSE:DIS) by 30.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,440 shares of the entertainment giant’s stock after selling 60,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Walt Disney were worth $13,413,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in DIS. Quent Capital LLC lifted its holdings in shares of Walt Disney by 4.4% in the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after buying an additional 327 shares during the period. PGGM Investments purchased a new stake in shares of Walt Disney during the 1st quarter worth $1,036,000. Cetera Investment Advisers lifted its stake in shares of Walt Disney by 202.7% during the 1st quarter. Cetera Investment Advisers now owns 533,861 shares of the entertainment giant’s stock worth $65,323,000 after purchasing an additional 357,498 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in shares of Walt Disney by 2.1% during the 1st quarter. Cetera Advisor Networks LLC now owns 262,733 shares of the entertainment giant’s stock worth $32,148,000 after purchasing an additional 5,370 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its stake in shares of Walt Disney by 7.3% during the 1st quarter. Soltis Investment Advisors LLC now owns 7,235 shares of the entertainment giant’s stock worth $885,000 after purchasing an additional 494 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen upped their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Wells Fargo & Company upped their price objective on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Bank of America upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Loop Capital increased their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Price Performance

Shares of NYSE DIS opened at $117.60 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a fifty day moving average of $99.99 and a 200 day moving average of $97.15. The firm has a market cap of $212.97 billion, a PE ratio of 43.39, a PEG ratio of 2.16 and a beta of 1.40. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

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.