Stralem & Co. Inc. reduced its position in shares of The Walt Disney Co. (NYSE:DIS) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 242,600 shares of the entertainment giant’s stock after selling 14,600 shares during the period. The Walt Disney accounts for approximately 2.7% of Stralem & Co. Inc.’s investment portfolio, making the stock its 23rd largest position. Stralem & Co. Inc.’s holdings in The Walt Disney were worth $23,731,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aviva PLC increased its position in shares of The Walt Disney by 0.7% in the first quarter. Aviva PLC now owns 972,383 shares of the entertainment giant’s stock worth $96,567,000 after buying an additional 6,742 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of The Walt Disney by 4.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 183,218 shares of the entertainment giant’s stock worth $17,922,000 after buying an additional 8,500 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of The Walt Disney by 5.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 386,372 shares of the entertainment giant’s stock worth $37,795,000 after buying an additional 20,904 shares in the last quarter. National Pension Service increased its position in shares of The Walt Disney by 4.2% in the first quarter. National Pension Service now owns 785,855 shares of the entertainment giant’s stock worth $78,043,000 after buying an additional 31,780 shares in the last quarter. Finally, Beech Hill Advisors Inc. bought a new position in shares of The Walt Disney during the second quarter worth about $3,147,000. Institutional investors and hedge funds own 57.92% of the company’s stock.
Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.15% during mid-day trading on Friday, hitting $93.27. The stock had a trading volume of 4,407,725 shares. The Walt Disney Co. has a 12-month low of $86.25 and a 12-month high of $120.65. The stock has a market cap of $149.89 billion, a P/E ratio of 16.76 and a beta of 1.28. The company’s 50 day moving average price is $94.81 and its 200 day moving average price is $98.13.
The Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. Equities research analysts predict that The Walt Disney Co. will post $5.79 EPS for the current fiscal year.
DIS has been the topic of a number of analyst reports. Jefferies Group reiterated a “hold” rating on shares of The Walt Disney in a report on Thursday, August 25th. Wells Fargo & Co. downgraded The Walt Disney to a “hold” rating in a report on Thursday, August 25th. Vetr upgraded The Walt Disney from a “buy” rating to a “strong-buy” rating and set a $106.81 price target on the stock in a report on Monday, August 29th. Pivotal Research reiterated a “buy” rating and issued a $122.00 price target on shares of The Walt Disney in a report on Sunday, July 24th. Finally, Morgan Stanley lifted their price target on The Walt Disney from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, July 14th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The Walt Disney has a consensus rating of “Hold” and an average price target of $109.77.
About The Walt Disney
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.
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