Walt Disney Company (The) (DIS) Shares Sold by Bremer Trust National Association

Bremer Trust National Association cut its position in shares of Walt Disney Company (The) (NYSE:DIS) by 11.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,240 shares of the entertainment giant’s stock after selling 1,222 shares during the quarter. Bremer Trust National Association’s holdings in Walt Disney Company (The) were worth $982,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. HM Capital Management LLC lifted its stake in Walt Disney Company (The) by 0.5% during the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock worth $305,000 after purchasing an additional 14 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Walt Disney Company (The) during the first quarter worth $1,270,000. State Treasurer State of Michigan lifted its stake in Walt Disney Company (The) by 73.3% during the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after purchasing an additional 573,000 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Walt Disney Company (The) by 1.4% during the first quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock worth $19,871,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Walt Disney Company (The) by 2.0% during the first quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock worth $864,386,000 after purchasing an additional 150,316 shares during the last quarter. Hedge funds and other institutional investors own 61.48% of the company’s stock.

Several brokerages recently issued reports on DIS. Vetr cut Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $110.54 price objective on the stock. in a research note on Thursday, July 27th. BidaskClub upgraded Walt Disney Company (The) from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Credit Suisse Group restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney Company (The) in a research note on Sunday, May 28th. Goldman Sachs Group, Inc. (The) set a $134.00 price objective on Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Saturday, May 20th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $111.00 price objective on shares of Walt Disney Company (The) in a research note on Thursday, May 25th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $113.98.

Shares of Walt Disney Company (NYSE:DIS) traded up 0.63% during midday trading on Friday, reaching $98.52. The company’s stock had a trading volume of 23,870,293 shares. The stock has a 50-day moving average of $102.58 and a 200 day moving average of $107.67. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The company has a market cap of $152.06 billion, a price-to-earnings ratio of 17.47 and a beta of 1.42.

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. 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 the consensus estimate of $14.44 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts predict that Walt Disney Company will post $5.82 earnings per share for the current fiscal year.

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In other Walt Disney Company (The) news, Director Maria Elena Lagomasino purchased 976 shares of the stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $102.34 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate 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.

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

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