Goelzer Investment Management Inc. cut its position in shares of Walt Disney Company (The) (NYSE:DIS) by 12.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,568 shares of the entertainment giant’s stock after selling 5,583 shares during the period. Goelzer Investment Management Inc.’s holdings in Walt Disney Company (The) were worth $4,373,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Walt Disney Company (The) by 1.2% in the first quarter. Fisher Asset Management LLC now owns 8,846,672 shares of the entertainment giant’s stock worth $1,003,124,000 after buying an additional 101,808 shares during the period. Parnassus Investments CA boosted its stake in shares of Walt Disney Company (The) by 0.4% in the first quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock worth $638,073,000 after buying an additional 20,641 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Walt Disney Company (The) by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,441,017 shares of the entertainment giant’s stock worth $503,567,000 after buying an additional 18,753 shares during the period. Acadian Asset Management LLC boosted its stake in shares of 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 during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Walt Disney Company (The) by 17.5% in the first quarter. Russell Investments Group Ltd. now owns 2,474,344 shares of the entertainment giant’s stock worth $280,583,000 after buying an additional 368,489 shares during the period. 61.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Walt Disney Company (NYSE DIS) traded up 0.410% during trading on Friday, hitting $101.615. 2,196,590 shares of the company traded hands. The stock has a market cap of $156.84 billion, a price-to-earnings ratio of 18.023 and a beta of 1.40. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The firm has a 50 day moving average price of $104.80 and a 200-day moving average price of $108.47.

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

TRADEMARK VIOLATION WARNING: “Goelzer Investment Management Inc. Reduces Position in Walt Disney Company (The) (DIS)” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/goelzer-investment-management-inc-reduces-position-in-walt-disney-company-the-dis/1536300.html.

A number of equities research analysts recently weighed in on DIS shares. BidaskClub raised shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG reissued a “buy” rating and issued a $125.00 price target (down from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Credit Suisse Group reissued an “outperform” rating and issued a $120.00 price target (down from $125.00) on shares of Walt Disney Company (The) in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney Company (The) in a research report on Friday, July 14th. Finally, Loop Capital reissued a “hold” rating and issued a $108.00 price target on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $114.58.

In other news, Director Maria Elena Lagomasino bought 976 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $102.34 per share, with a total value of $99,883.84. Following the completion of the transaction, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the completion of the transaction, 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 own 0.38% of the company’s stock.

Walt Disney Company (The) Company Profile

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.

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

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