Walt Disney Company (The) (DIS) Stake Decreased by ING Groep NV

ING Groep NV reduced its position in Walt Disney Company (The) (NYSE:DIS) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 300,703 shares of the entertainment giant’s stock after selling 8,142 shares during the period. Walt Disney Company (The) accounts for about 0.6% of ING Groep NV’s portfolio, making the stock its 27th largest position. ING Groep NV’s holdings in Walt Disney Company (The) were worth $31,950,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CrestPoint Capital Management LLC raised its position in shares of Walt Disney Company (The) by 24.6% in the 1st quarter. CrestPoint Capital Management LLC now owns 7,600 shares of the entertainment giant’s stock valued at $862,000 after purchasing an additional 1,500 shares during the last quarter. First PREMIER Bank raised its position in shares of Walt Disney Company (The) by 6.1% in the 1st quarter. First PREMIER Bank now owns 4,012 shares of the entertainment giant’s stock valued at $455,000 after purchasing an additional 230 shares during the last quarter. First National Bank of Omaha raised its position in shares of Walt Disney Company (The) by 0.4% in the 1st quarter. First National Bank of Omaha now owns 45,519 shares of the entertainment giant’s stock valued at $5,162,000 after purchasing an additional 196 shares during the last quarter. Bremer Trust National Association raised its position in shares of Walt Disney Company (The) by 1.1% in the 1st quarter. Bremer Trust National Association now owns 10,462 shares of the entertainment giant’s stock valued at $1,186,000 after purchasing an additional 118 shares during the last quarter. Finally, TNB Financial purchased a new position in shares of Walt Disney Company (The) in the 1st quarter valued at approximately $10,698,000. Institutional investors and hedge funds own 61.48% of the company’s stock.

In related news, Director Maria Elena Lagomasino acquired 976 shares of the firm’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 completion of the purchase, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.38% of the stock is owned by company insiders.

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Several brokerages recently commented on DIS. Zacks Investment Research lowered shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a research report on Wednesday, June 21st. Vetr lowered shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $103.55 price objective for the company. in a research report on Monday, August 21st. Piper Jaffray Companies set a $130.00 price objective on shares of Walt Disney Company (The) and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Finally, BidaskClub lowered shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. Walt Disney Company (The) currently has an average rating of “Hold” and a consensus price target of $113.98.

Walt Disney Company (NYSE:DIS) traded up 0.63% on Friday, hitting $98.52. The stock had a trading volume of 23,870,293 shares. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The stock has a market cap of $152.06 billion, a price-to-earnings ratio of 17.44 and a beta of 1.42. The stock’s 50 day moving average is $102.58 and its 200 day moving average is $107.67.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share. Analysts anticipate that Walt Disney Company will post $5.82 earnings per share for the current 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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