Douglas Lane & Associates LLC decreased its stake in Walt Disney Company (The) (NYSE:DIS) by 3.5% during the first quarter, Holdings Channel reports. The firm owned 85,907 shares of the entertainment giant’s stock after selling 3,107 shares during the period. Douglas Lane & Associates LLC’s holdings in Walt Disney Company (The) were worth $9,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its position in shares of Walt Disney Company (The) by 3.3% in the fourth quarter. State Street Corp now owns 67,283,818 shares of the entertainment giant’s stock valued at $7,013,903,000 after buying an additional 2,122,112 shares during the period. FMR LLC raised its position in shares of Walt Disney Company (The) by 11.7% in the fourth quarter. FMR LLC now owns 34,148,450 shares of the entertainment giant’s stock valued at $3,558,951,000 after buying an additional 3,579,822 shares during the period. Norges Bank bought a new position in shares of Walt Disney Company (The) during the fourth quarter valued at $1,507,183,000. Franklin Resources Inc. raised its position in shares of Walt Disney Company (The) by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 4,799,563 shares of the entertainment giant’s stock valued at $500,216,000 after buying an additional 194,040 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Walt Disney Company (The) by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,416,104 shares of the entertainment giant’s stock valued at $460,265,000 after buying an additional 96,169 shares during the period. 63.74% of the stock is owned by institutional investors.

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

Walt Disney Company (NYSE DIS) opened at 105.51 on Friday. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The company has a 50-day moving average of $108.52 and a 200-day moving average of $109.02. The stock has a market capitalization of $165.11 billion, a price-to-earnings ratio of 18.40 and a beta of 1.39.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The firm had revenue of $13.34 billion for the quarter, compared to analyst estimates of $13.44 billion. During the same period last year, the company earned $1.36 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts expect that Walt Disney Company will post $5.95 EPS for the current year.

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DIS has been the subject of several research analyst reports. Jefferies Group LLC increased their target price on shares of Walt Disney Company (The) from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, March 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a research note on Tuesday, April 25th. Instinet reaffirmed a “buy” rating and set a $120.00 target price on shares of Walt Disney Company (The) in a research note on Wednesday, March 8th. Goldman Sachs Group, Inc. (The) set a $138.00 target price on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $125.00 target price (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Walt Disney Company (The) has an average rating of “Hold” and a consensus price target of $116.49.

In other Walt Disney Company (The) news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total value of $229,000.00. Following the sale, the executive vice president now directly owns 27,745 shares of the company’s stock, valued at $3,176,802.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction on 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 completion of the sale, the chairman now directly owns 1,566,484 shares in the company, valued at $164,621,803.56. The disclosure for this sale can be found here. Insiders sold 811,721 shares of company stock worth $85,370,302 over the last ninety days. 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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