Cim LLC Sells 34,614 Shares of The Walt Disney Company (NYSE:DIS)



Cim LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 36.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,198 shares of the entertainment giant’s stock after selling 34,614 during the quarter. Walt Disney accounts for 1.4% of Cim LLC’s portfolio, making the stock its 24th largest position. Cim LLC’s holdings in Walt Disney were worth $7,734,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. Keene & Associates Inc. lifted its position in Walt Disney by 54.9% in the 1st quarter. Keene & Associates Inc. Now owns 24,627 shares of the entertainment giant’s stock valued at $3,378,000 after acquiring an additional 8,726 shares in the last quarter. Roberts Wealth Advisors LLC lifted its position in Walt Disney by 4.7% in the 1st quarter. Roberts Wealth Advisors LLC now owns 28,412 shares of the entertainment giant’s stock valued at $3,892,000 after acquiring an additional 1,270 shares in the last quarter. Kohmann Bosshard Financial Services LLC lifted its position in Walt Disney by 17.1% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 1,551 shares of the entertainment giant’s stock valued at $213,000 after acquiring an additional 226 shares in the last quarter. NEW Advisory Services LLC lifted its position in Walt Disney by 16.8% in the 1st quarter. NEW Advisory Services LLC now owns 3,889 shares of the entertainment giant’s stock valued at $718,000 after acquiring an additional 558 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC lifted its position in Walt Disney by 9.0% in the 1st quarter. Carnegie Capital Asset Management LLC now owns 219,074 shares of the entertainment giant’s stock valued at $30,048,000 after acquiring an additional 18,140 shares in the last quarter. 64.17% of the stock is currently owned by institutional investors.

DIS has been the topic of several research reports. BMO Capital Markets cut their objective price on shares of Walt Disney from $140.00 to $135.00 in a research report on Thursday, May 12th. Wolfe Research cut their objective price on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. Wells Fargo & Company lowered their price target on shares of Walt Disney from $182.00 to $153.00 in a research note on Thursday, May 12th. Trust Financial lowered their price target on shares of Walt Disney from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, June 2nd. Finally, Loop Capital lowered their price target on shares of Walt Disney from $190.00 to $165.00 in a research note on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $167.56.

Walt Disney stock opened at $93.50 on Thursday. The firm has a market capitalization of $170.23 billion, a PE ratio of 64.48, a P/E/G ratio of 1.09 and a beta of 1.21. The company’s 50-day moving average is $108.79 and its 200-day moving average is $132.54. The Walt Disney Company has a fifty-two week low of $92.01 and a fifty-two week high of $187.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 1.01.

Walt Disney (NYSE:DIS – Get Rating) last announced its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. During the same quarter last year, the business posted $0.79 earnings per share. As a group, analysts expect that The Walt Disney Company will post 4.03 EPS for the current year.

Walt Disney Company Profile (Get Rating)

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 broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

Further reading

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



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