Benson Investment Management Company Inc. lowered its position in shares of Walt Disney Company (The) (NYSE:DIS) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,277 shares of the entertainment giant’s stock after selling 45 shares during the period. Benson Investment Management Company Inc.’s holdings in Walt Disney Company (The) were worth $2,154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock worth $379,305,000 after buying an additional 1,573,215 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Walt Disney Company (The) by 8,245.5% in the first quarter. Canada Pension Plan Investment Board now owns 670,726 shares of the entertainment giant’s stock worth $76,054,000 after buying an additional 662,689 shares in the last quarter. AQR Capital Management LLC increased its position in Walt Disney Company (The) by 111.0% in the first quarter. AQR Capital Management LLC now owns 1,190,645 shares of the entertainment giant’s stock worth $135,008,000 after buying an additional 626,245 shares in the last quarter. State Treasurer State of Michigan increased its position in Walt Disney Company (The) by 73.3% in the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after buying an additional 573,000 shares in the last quarter. Finally, Scopus Asset Management L.P. increased its position in Walt Disney Company (The) by 275.0% in the first quarter. Scopus Asset Management L.P. now owns 750,000 shares of the entertainment giant’s stock worth $85,043,000 after buying an additional 550,000 shares in the last quarter. Hedge funds and other institutional investors own 61.46% of the company’s stock.

Shares of Walt Disney Company (NYSE DIS) traded down 1.47% during midday trading on Thursday, reaching $101.36. The company had a trading volume of 4,838,097 shares. The company’s 50 day moving average price is $104.96 and its 200-day moving average price is $108.67. The company has a market capitalization of $156.45 billion, a P/E ratio of 17.98 and a beta of 1.40. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the prior year, the business earned $1.62 EPS. Walt Disney Company (The)’s revenue was down .3% on a year-over-year basis. On average, equities research analysts predict that Walt Disney Company will post $5.88 earnings per share for the current fiscal year.

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A number of research analysts have recently commented on DIS shares. Goldman Sachs Group Inc set a $134.00 target price on Walt Disney Company (The) and gave the company a “buy” rating in a research report on Saturday, May 20th. Macquarie downgraded Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and increased their target price for the company from $90.32 to $105.00 in a research report on Wednesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and set a $125.00 target price (down from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Zacks Investment Research downgraded Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Rosenblatt Securities increased their target price on Walt Disney Company (The) from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, May 8th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $114.61.

In related news, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the acquisition, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the sale, the chairman now owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

About Walt Disney Company (The)

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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

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