Sarasin & Partners LLP reduced its stake in shares of Walt Disney Company (The) (NYSE:DIS) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 743,367 shares of the entertainment giant’s stock after selling 26,832 shares during the quarter. Walt Disney Company (The) makes up approximately 1.5% of Sarasin & Partners LLP’s portfolio, making the stock its 24th largest position. Sarasin & Partners LLP’s holdings in Walt Disney Company (The) were worth $78,983,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DIS. Lee Financial Co boosted its holdings in shares of Walt Disney Company (The) by 7.6% during the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares during the period. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Walt Disney Company (The) during the first quarter worth approximately $144,000. Paragon Capital Management Ltd acquired a new stake in shares of Walt Disney Company (The) during the first quarter worth approximately $200,000. Weybosset Research & Management LLC boosted its holdings in shares of Walt Disney Company (The) by 2.6% during the second quarter. Weybosset Research & Management LLC now owns 2,000 shares of the entertainment giant’s stock worth $213,000 after purchasing an additional 50 shares during the period. Finally, Anchor Capital Advisors LLC boosted its holdings in shares of Walt Disney Company (The) by 1.6% during the second quarter. Anchor Capital Advisors LLC now owns 2,062 shares of the entertainment giant’s stock worth $219,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

In related news, Director Maria Elena Lagomasino purchased 976 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 7,513 shares of the company’s stock, valued at $768,880.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is currently owned by company insiders.

A number of analysts have issued reports on the stock. Zacks Investment Research cut shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies set a $130.00 target price on shares of Walt Disney Company (The) and gave the company a “buy” rating in a research note on Tuesday. Citigroup Inc. reiterated a “neutral” rating on shares of Walt Disney Company (The) in a research note on Thursday, September 28th. Barclays PLC reduced their target price on shares of Walt Disney Company (The) from $98.00 to $94.00 and set an “equal weight” rating for the company in a research note on Friday, October 13th. Finally, Vetr cut shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $103.55 target price for the company. in a research note on Monday, August 21st. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $113.40.

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Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $14.44 billion. During the same quarter last year, the business earned $1.62 earnings per share. Walt Disney Company (The)’s revenue was down .3% on a year-over-year basis.

Walt Disney Company (The) 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.

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

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