Contravisory Investment Management Inc. trimmed its position in shares of Walt Disney Co (NYSE:DIS) by 99.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300 shares of the entertainment giant’s stock after selling 32,827 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Walt Disney were worth $36,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DIS. Greatmark Investment Partners Inc. raised its holdings in Walt Disney by 2.6% in the 1st quarter. Greatmark Investment Partners Inc. now owns 3,645 shares of the entertainment giant’s stock valued at $352,000 after buying an additional 93 shares during the last quarter. Diversified Trust Co grew its holdings in Walt Disney by 4.0% during the 1st quarter. Diversified Trust Co now owns 2,571 shares of the entertainment giant’s stock worth $248,000 after acquiring an additional 100 shares during the last quarter. Premier Asset Management LLC grew its holdings in Walt Disney by 4.8% during the 1st quarter. Premier Asset Management LLC now owns 2,165 shares of the entertainment giant’s stock worth $209,000 after acquiring an additional 100 shares during the last quarter. Winning Points Advisors LLC grew its holdings in Walt Disney by 2.6% during the 1st quarter. Winning Points Advisors LLC now owns 3,967 shares of the entertainment giant’s stock worth $383,000 after acquiring an additional 101 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its holdings in Walt Disney by 0.7% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 13,754 shares of the entertainment giant’s stock worth $1,329,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 62.81% of the company’s stock.

A number of equities research analysts have weighed in on DIS shares. Wells Fargo & Co boosted their target price on shares of Walt Disney from $107.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, June 19th. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research report on Friday, June 26th. Credit Suisse Group downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price target on the stock. in a research report on Monday, April 20th. Consumer Edge downgraded shares of Walt Disney from an “overweight” rating to an “equal weight” rating and set a $125.00 price target on the stock. in a research report on Tuesday, June 9th. Finally, Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price target on the stock. in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $127.36.

NYSE:DIS opened at $116.82 on Friday. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41. The stock has a fifty day moving average of $116.77 and a 200 day moving average of $120.31. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The firm has a market capitalization of $211.01 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 12.78 and a beta of 1.10.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The company had revenue of $18.01 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same period in the prior year, the firm earned $1.61 EPS. Walt Disney’s quarterly revenue was up 20.7% on a year-over-year basis. Equities analysts forecast that Walt Disney Co will post 1.46 earnings per share for the current fiscal year.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

See Also: Buy-Side Analysts

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.