Walt Disney Company (The) (DIS) Position Trimmed by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. decreased its holdings in shares of Walt Disney Company (The) (NYSE:DIS) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,186 shares of the entertainment giant’s stock after selling 352 shares during the quarter. Walt Disney Company (The) comprises approximately 1.6% of Lowe Brockenbrough & Co. Inc.’s holdings, making the stock its 15th largest position. Lowe Brockenbrough & Co. Inc.’s holdings in Walt Disney Company (The) were worth $9,773,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DIS. Acadian Asset Management LLC boosted its stake in Walt Disney Company (The) by 88.8% during the 1st quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock valued at $379,305,000 after purchasing an additional 1,573,215 shares during the period. Canada Pension Plan Investment Board boosted its stake in Walt Disney Company (The) by 8,245.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 670,726 shares of the entertainment giant’s stock valued at $76,054,000 after purchasing an additional 662,689 shares during the period. AQR Capital Management LLC boosted its stake in Walt Disney Company (The) by 111.0% during the 1st quarter. AQR Capital Management LLC now owns 1,190,645 shares of the entertainment giant’s stock valued at $135,008,000 after purchasing an additional 626,245 shares during the period. State Treasurer State of Michigan boosted its stake in Walt Disney Company (The) by 73.3% during the 1st quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock valued at $153,649,000 after purchasing an additional 573,000 shares during the period. Finally, Scopus Asset Management L.P. boosted its stake in Walt Disney Company (The) by 275.0% during the 1st quarter. Scopus Asset Management L.P. now owns 750,000 shares of the entertainment giant’s stock valued at $85,043,000 after purchasing an additional 550,000 shares during the period. Hedge funds and other institutional investors own 61.48% of the company’s stock.

Several analysts recently weighed in on DIS shares. Guggenheim restated a “buy” rating and set a $122.00 target price on shares of Walt Disney Company (The) in a research note on Tuesday, September 5th. BidaskClub upgraded Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Sanford C. Bernstein restated a “market perform” rating on shares of Walt Disney Company (The) in a research note on Tuesday. Credit Suisse Group restated an “outperform” rating and set a $120.00 target price (down previously from $125.00) on shares of Walt Disney Company (The) in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $130.00 target price on shares of Walt Disney Company (The) in a research note on Friday, July 14th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have issued a buy rating to the company. Walt Disney Company (The) has a consensus rating of “Hold” and a consensus target price of $113.98.

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In other Walt Disney Company (The) news, Director Maria Elena Lagomasino purchased 976 shares of the company’s stock in a transaction that occurred 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 transaction, 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 available through this link. 13.00% of the stock is currently owned by company insiders.

Shares of Walt Disney Company (DIS) traded up 0.91% during mid-day trading on Wednesday, hitting $98.78. The stock had a trading volume of 3,450,506 shares. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The company has a market cap of $152.46 billion, a P/E ratio of 17.52 and a beta of 1.42. The firm’s 50 day moving average price is $103.64 and its 200 day moving average price is $107.98.

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 for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $14.44 billion. During the same quarter last year, the firm earned $1.62 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts predict that Walt Disney Company will post $5.82 earnings per share for the current fiscal year.

About Walt Disney Company (The)

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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