Delta Asset Management LLC TN boosted its position in shares of Walt Disney Company (The) (NYSE:DIS) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 239,300 shares of the entertainment giant’s stock after buying an additional 947 shares during the period. Walt Disney Company (The) makes up approximately 3.9% of Delta Asset Management LLC TN’s holdings, making the stock its 7th largest position. Delta Asset Management LLC TN’s holdings in Walt Disney Company (The) were worth $25,425,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Walt Disney Company (The) by 0.7% in the first quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock worth $7,681,023,000 after buying an additional 456,053 shares during the period. Fisher Asset Management LLC boosted its position in 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. Clearbridge Investments LLC boosted its position in Walt Disney Company (The) by 2.0% in the first quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock worth $864,386,000 after buying an additional 150,316 shares during the period. Parnassus Investments CA boosted its position in 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. Finally, Schwab Charles Investment Management Inc. boosted its position in Walt Disney Company (The) by 4.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,707,552 shares of the entertainment giant’s stock worth $533,790,000 after buying an additional 185,290 shares during the period. Institutional investors and hedge funds own 61.46% of the company’s stock.

Shares of Walt Disney Company (NYSE:DIS) traded up 0.37% on Wednesday, hitting $102.95. 3,086,498 shares of the stock traded hands. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The stock has a market cap of $158.90 billion, a price-to-earnings ratio of 18.26 and a beta of 1.40. The stock has a 50 day moving average price of $104.96 and a 200-day moving average price of $108.67.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the previous year, the firm earned $1.62 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts forecast that Walt Disney Company will post $5.88 EPS for the current year.

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A number of equities analysts have issued reports on the company. Wells Fargo & Co reiterated a “market perform” rating and set a $111.00 target price on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Jefferies Group LLC reiterated a “hold” rating and set a $110.00 target price on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $134.00 target price on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Rosenblatt Securities increased their target price on Walt Disney Company (The) from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, May 8th. Finally, Vetr cut Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $110.54 target price for the company. in a report on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have issued a buy rating to the company. Walt Disney Company (The) presently has an average rating of “Hold” and an average target price of $114.61.

In other news, Director Maria Elena Lagomasino purchased 976 shares of the stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the completion of the acquisition, the director now directly owns 7,513 shares of the company’s stock, valued at $768,880.42. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now directly owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. 13.00% of the stock is owned by insiders.

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.

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

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