Premier Asset Managment LLC reduced its stake in shares of The Walt Disney Co. (NYSE:DIS) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 113,592 shares of the entertainment giant’s stock after selling 1,435 shares during the period. The Walt Disney accounts for 2.9% of Premier Asset Managment LLC’s investment portfolio, making the stock its 15th largest position. Premier Asset Managment LLC’s holdings in The Walt Disney were worth $11,111,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Allegis Investment Advisors LLC increased its stake in shares of The Walt Disney by 0.6% in the first quarter. Allegis Investment Advisors LLC now owns 2,281 shares of the entertainment giant’s stock valued at $227,000 after buying an additional 13 shares in the last quarter. Hengehold Capital Management LLC increased its position in The Walt Disney by 0.9% in the second quarter. Hengehold Capital Management LLC now owns 2,307 shares of the entertainment giant’s stock worth $226,000 after buying an additional 20 shares during the period. Mission Wealth Management LLC increased its position in The Walt Disney by 0.4% in the first quarter. Mission Wealth Management LLC now owns 6,506 shares of the entertainment giant’s stock worth $646,000 after buying an additional 25 shares during the period. West Oak Capital LLC increased its position in The Walt Disney by 0.3% in the second quarter. West Oak Capital LLC now owns 8,419 shares of the entertainment giant’s stock worth $824,000 after buying an additional 25 shares during the period. Finally, M&R Capital Management Inc. increased its position in The Walt Disney by 0.3% in the first quarter. M&R Capital Management Inc. now owns 11,057 shares of the entertainment giant’s stock worth $1,098,000 after buying an additional 35 shares during the period. Institutional investors own 57.95% of the company’s stock.

Shares of The Walt Disney Co. (NYSE:DIS) traded up 0.06% on Friday, reaching $92.56. 10,568,647 shares of the company traded hands. The firm has a market capitalization of $148.75 billion, a P/E ratio of 16.64 and a beta of 1.28. The stock has a 50-day moving average price of $95.51 and a 200 day moving average price of $98.42. The Walt Disney Co. has a 1-year low of $86.25 and a 1-year high of $120.65.

The Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The company had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter last year, the company posted $1.45 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts anticipate that The Walt Disney Co. will post $5.79 EPS for the current fiscal year.

A number of research firms have issued reports on DIS. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a research note on Sunday, July 17th. Royal Bank Of Canada reiterated a “hold” rating on shares of The Walt Disney in a research note on Monday, June 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $118.00 price target on shares of The Walt Disney in a research note on Saturday, August 13th. Wells Fargo & Co. reiterated a “hold” rating and set a $100.00 price target on shares of The Walt Disney in a research note on Friday, June 10th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of The Walt Disney in a research note on Friday, June 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $109.99.

The Walt Disney Company Profile

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

5 Day Chart for NYSE:DIS

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