Advisors Asset Management Inc. Has $16,864,000 Stake in The Walt Disney Co. (DIS)

Advisors Asset Management Inc. cut its stake in The Walt Disney Co. (NYSE:DIS) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,394 shares of the entertainment giant’s stock after selling 11,291 shares during the period. Advisors Asset Management Inc.’s holdings in The Walt Disney were worth $16,864,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Forte Capital LLC ADV raised its stake in The Walt Disney by 0.9% in the first quarter. Forte Capital LLC ADV now owns 11,361 shares of the entertainment giant’s stock valued at $1,128,000 after buying an additional 101 shares during the last quarter. First Manhattan Co. raised its stake in The Walt Disney by 2.2% in the first quarter. First Manhattan Co. now owns 439,504 shares of the entertainment giant’s stock valued at $43,647,000 after buying an additional 9,620 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in The Walt Disney during the first quarter valued at $14,384,000. Duncker Streett & Co. Inc. raised its stake in The Walt Disney by 89.3% in the first quarter. Duncker Streett & Co. Inc. now owns 9,910 shares of the entertainment giant’s stock valued at $984,000 after buying an additional 4,675 shares during the last quarter. Finally, Delta Asset Management LLC TN raised its stake in The Walt Disney by 2.8% in the first quarter. Delta Asset Management LLC TN now owns 238,495 shares of the entertainment giant’s stock valued at $23,685,000 after buying an additional 6,518 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of The Walt Disney Co. (NYSE:DIS) traded up 0.20% on Friday, hitting $91.30. The company had a trading volume of 4,345,659 shares. The company has a 50 day moving average price of $92.91 and a 200 day moving average price of $97.49. The firm has a market capitalization of $146.73 billion, a price-to-earnings ratio of 16.41 and a beta of 1.25. The Walt Disney Co. has a 1-year low of $86.25 and a 1-year high of $120.65.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.01. The firm earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. On average, equities analysts forecast that The Walt Disney Co. will post $5.78 earnings per share for the current fiscal year.

DIS has been the topic of several analyst reports. FBR & Co reaffirmed an “outperform” rating and issued a $111.00 target price on shares of The Walt Disney in a report on Tuesday, June 21st. Royal Bank Of Canada reiterated a “hold” rating on shares of The Walt Disney in a research report on Monday, June 27th. Barclays PLC reiterated an “underweight” rating and set a $89.00 price target on shares of The Walt Disney in a research report on Thursday, June 30th. Vetr downgraded shares of The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $108.99 price target on the stock. in a research report on Thursday, June 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of The Walt Disney in a research report on Saturday, July 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The Walt Disney has an average rating of “Hold” and an average price target of $109.56.

The Walt Disney Company Profile

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

5 Day Chart for NYSE:DIS

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