Lederer & Associates Investment Counsel CA trimmed its position in Walt Disney Company (The) (NYSE:DIS) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,055 shares of the entertainment giant’s stock after selling 135 shares during the quarter. Walt Disney Company (The) accounts for 2.5% of Lederer & Associates Investment Counsel CA’s portfolio, making the stock its 5th largest position. Lederer & Associates Investment Counsel CA’s holdings in Walt Disney Company (The) were worth $2,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Walt Disney Company (The) in the first quarter valued at $144,000. Feltz Wealth PLAN Inc. acquired a new position in shares of Walt Disney Company (The) in the first quarter valued at $173,000. Paragon Capital Management Ltd acquired a new position in shares of Walt Disney Company (The) in the first quarter valued at $200,000. Evanson Asset Management LLC raised its stake in shares of Walt Disney Company (The) by 5.3% in the second quarter. Evanson Asset Management LLC now owns 2,070 shares of the entertainment giant’s stock valued at $220,000 after purchasing an additional 104 shares in the last quarter. Finally, Harwood Advisory Group LLC raised its stake in shares of Walt Disney Company (The) by 0.6% in the second quarter. Harwood Advisory Group LLC now owns 2,071 shares of the entertainment giant’s stock valued at $220,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

Shares of Walt Disney Company (NYSE:DIS) opened at 98.89 on Friday. The firm has a market cap of $152.63 billion, a price-to-earnings ratio of 17.54 and a beta of 1.42. The company has a 50-day moving average price of $101.91 and a 200-day moving average price of $107.44. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. The business had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 earnings per share. Analysts forecast that Walt Disney Company will post $5.81 earnings per share for the current fiscal year.

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In other news, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the acquisition, the director now owns 7,513 shares in the company, valued at $768,880.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on the company. Zacks Investment Research lowered Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Bank of America Corporation reiterated a “buy” rating and set a $120.00 price objective (down from $125.00) on shares of Walt Disney Company (The) in a research note on Friday, September 8th. FBR & Co reiterated a “hold” rating and set a $97.00 price objective on shares of Walt Disney Company (The) in a research note on Friday, September 8th. Guggenheim reiterated a “buy” rating and set a $122.00 price objective (down from $128.00) on shares of Walt Disney Company (The) in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $130.00 price objective on shares of Walt Disney Company (The) in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $113.98.

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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