Connor Clark & Lunn Investment Management Ltd. Invests $31.98 Million in The Walt Disney Company (NYSE:DIS)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 3rd quarter, Holdings Channel reports. The fund purchased 332,430 shares of the entertainment giant’s stock, valued at approximately $31,976,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC lifted its stake in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the last quarter. First PREMIER Bank boosted its position in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the period. Iron Horse Wealth Management LLC raised its holdings in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares during the period. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walt Disney during the 3rd quarter worth approximately $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Macquarie upped their price objective on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Guggenheim upped their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Stock Down 1.0 %

NYSE:DIS opened at $112.42 on Wednesday. The company’s 50-day simple moving average is $96.55 and its 200-day simple moving average is $96.60. 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 Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a market capitalization of $203.59 billion, a P/E ratio of 41.48, a P/E/G ratio of 1.85 and a beta of 1.40.

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.