Wallington Asset Management LLC Lowers Position in Walt Disney Company (The) (NYSE:DIS)

Wallington Asset Management LLC trimmed its stake in Walt Disney Company (The) (NYSE:DIS) by 59.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,044 shares of the entertainment giant’s stock after selling 50,723 shares during the period. Wallington Asset Management LLC’s holdings in Walt Disney Company (The) were worth $3,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of DIS. Acadian Asset Management LLC raised its stake in shares of 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 worth $379,305,000 after acquiring an additional 1,573,215 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of 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 worth $76,054,000 after acquiring an additional 662,689 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of 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 worth $135,008,000 after acquiring an additional 626,245 shares in the last quarter. State Treasurer State of Michigan raised its stake in shares of 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 worth $153,649,000 after acquiring an additional 573,000 shares in the last quarter. Finally, Scopus Asset Management L.P. raised its stake in shares of 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 worth $85,043,000 after acquiring an additional 550,000 shares in the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

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Several research firms have weighed in on DIS. Wells Fargo & Company reissued a “buy” rating and set a $116.00 price target on shares of Walt Disney Company (The) in a report on Wednesday, September 20th. Sanford C. Bernstein restated a “market perform” rating on shares of Walt Disney Company (The) in a research report on Tuesday, September 12th. Credit Suisse Group restated an “outperform” rating and set a $120.00 price objective on shares of Walt Disney Company (The) in a research report on Monday, September 11th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $125.00 target price (down from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, September 11th. Finally, Loop Capital reiterated a “hold” rating and issued a $104.00 target price (down from $106.00) on shares of Walt Disney Company (The) in a research report on Friday, September 8th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $113.98.

In other news, Director Maria Elena Lagomasino bought 976 shares of the stock in a transaction dated Thursday, August 10th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 13.00% of the stock is owned by corporate insiders.

Walt Disney Company (NYSE:DIS) opened at 98.60 on Monday. The company has a 50-day moving average of $101.91 and a 200 day moving average of $107.44. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The firm has a market cap of $152.19 billion, a P/E ratio of 17.49 and a beta of 1.42.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm 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 in the prior year, the company earned $1.62 earnings per share. On average, equities analysts predict that Walt Disney Company will post $5.81 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.

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

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