Bank of New York Mellon Corp cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,100,985 shares of the entertainment giant’s stock after selling 1,238,983 shares during the period. Walt Disney accounts for approximately 0.6% of Bank of New York Mellon Corp’s investment portfolio, making the stock its 25th biggest holding. Bank of New York Mellon Corp’s holdings in Walt Disney were worth $2,316,404,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DIS. Trilogy Capital Inc. acquired a new position in shares of Walt Disney in the 1st quarter valued at $107,000. Live Your Vision LLC increased its position in shares of Walt Disney by 91.6% in the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after acquiring an additional 500 shares during the period. BDO Wealth Advisors LLC increased its position in shares of Walt Disney by 184.3% in the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after acquiring an additional 739 shares during the period. Bruderman Asset Management LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at $116,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Walt Disney in the 2nd quarter valued at $121,000. 63.00% of the stock is currently owned by institutional investors and hedge funds.

DIS stock opened at $110.40 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88. Walt Disney Co has a 52-week low of $96.80 and a 52-week high of $117.90. The stock has a market cap of $164.19 billion, a PE ratio of 19.37, a PEG ratio of 1.46 and a beta of 1.31.

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

In other news, EVP Brent Woodford sold 952 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total transaction of $106,500.24. Following the sale, the executive vice president now directly owns 26,698 shares of the company’s stock, valued at approximately $2,986,705.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Alan N. Braverman sold 140,638 shares of the stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the sale, the executive vice president now directly owns 160,316 shares in the company, 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 worth $80,620,932. Corporate insiders own 0.38% of the company’s stock.

Several research firms 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 target price on the stock. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. ValuEngine raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Pivotal Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price target on the stock. in a report on Monday, June 18th. Finally, BMO Capital Markets upped their price target on shares of Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. Walt Disney presently has a consensus rating of “Hold” and an average target price of $119.54.

Walt Disney 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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