First Merchants Corp lowered its position in Walt Disney Company (The) (NYSE:DIS) by 30.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,899 shares of the entertainment giant’s stock after selling 3,085 shares during the quarter. First Merchants Corp’s holdings in Walt Disney Company (The) were worth $733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in DIS. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Walt Disney Company (The) in the first quarter valued at $144,000. Feltz Wealth PLAN Inc. bought a new position in shares of Walt Disney Company (The) in the first quarter worth about $173,000. Paragon Capital Management Ltd bought a new position in shares of Walt Disney Company (The) in the first quarter worth about $200,000. Evanson Asset Management LLC grew its holdings 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 worth $220,000 after purchasing an additional 104 shares during the last quarter. Finally, Harwood Advisory Group LLC grew its holdings 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 worth $220,000 after purchasing an additional 12 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

DIS has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Loop Capital restated a “hold” rating and issued a $104.00 price target (down from $106.00) on shares of Walt Disney Company (The) in a report on Friday, September 8th. Zacks Investment Research cut shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada set a $130.00 price target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a report on Monday, June 12th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have issued a buy rating to the company. Walt Disney Company (The) currently has a consensus rating of “Hold” and an average price target of $113.52.

In other news, Director Maria Elena Lagomasino acquired 976 shares of Walt Disney Company (The) stock in a transaction on Thursday, August 10th. The stock was bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the purchase, the director now owns 7,513 shares in the company, valued at $768,880.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is currently owned by insiders.

Walt Disney Company (NYSE:DIS) opened at 100.11 on Friday. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The stock has a market capitalization of $154.52 billion, a price-to-earnings ratio of 17.76 and a beta of 1.40. The firm’s 50-day moving average is $99.95 and its 200-day moving average is $106.47.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Analysts predict that Walt Disney Company will post $5.81 earnings per share for the current year.

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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.

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

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