Investment Counselors of Maryland LLC cut its position in shares of Walt Disney Co (NYSE:DIS) by 6.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 9,575 shares of the entertainment giant’s stock after selling 675 shares during the period. Investment Counselors of Maryland LLC’s holdings in Walt Disney were worth $1,004,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Trilogy Capital Inc. bought a new position in Walt Disney in the first quarter valued at approximately $107,000. Avestar Capital LLC bought a new position in Walt Disney in the fourth quarter valued at approximately $108,000. Live Your Vision LLC grew its stake in Walt Disney by 91.6% in the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after purchasing an additional 500 shares in the last quarter. BDO Wealth Advisors LLC lifted its position in shares of Walt Disney by 184.3% in the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after buying an additional 739 shares during the last quarter. Finally, Bruderman Asset Management LLC acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $116,000. Institutional investors and hedge funds own 63.05% of the company’s stock.

A number of research firms have recently issued reports on DIS. Imperial Capital began coverage on Walt Disney in a research report on Thursday, June 28th. They issued an “in-line” rating and a $108.00 price objective for the company. Zacks Investment Research cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. ValuEngine raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Pivotal Research cut Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price objective for the company. in a research report on Monday, June 18th. Finally, BMO Capital Markets raised their price objective on Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $119.45.

NYSE:DIS opened at $110.67 on Friday. The company has a market cap of $163.00 billion, a P/E ratio of 19.42, a PEG ratio of 1.45 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Walt Disney Co has a 1-year low of $96.80 and a 1-year high of $117.90.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same period in the previous year, the business posted $1.58 earnings per share. equities research analysts forecast that Walt Disney Co will post 6.92 earnings per share for the current year.

In related news, Chairman Robert A. Iger sold 437,679 shares of Walt Disney stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the completion of the sale, the chairman now directly owns 1,498,871 shares of the company’s stock, valued at approximately $172,370,165. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Alan N. Braverman sold 140,638 shares of Walt Disney stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total value of $15,048,266.00. Following the sale, the executive vice president now directly owns 160,316 shares of the company’s stock, valued at $17,153,812. The disclosure for this sale can be found here. Over the last three months, insiders have sold 710,954 shares of company stock valued at $80,620,932. 0.38% of the stock is currently owned by insiders.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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