Walt Disney Company (The) (NYSE:DIS) Shares Sold by Appropriate Balance Financial Services Inc.

Appropriate Balance Financial Services Inc. trimmed its holdings in Walt Disney Company (The) (NYSE:DIS) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 464 shares of the entertainment giant’s stock after selling 23 shares during the period. Walt Disney Company (The) accounts for approximately 0.2% of Appropriate Balance Financial Services Inc.’s portfolio, making the stock its 23rd largest position. Appropriate Balance Financial Services Inc.’s holdings in Walt Disney Company (The) were worth $4,367,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. HM Capital Management LLC grew its position 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 buying an additional 14 shares during the period. Fox Run Management L.L.C. acquired a new position in Walt Disney Company (The) during the first quarter worth about $1,270,000. State Treasurer State of Michigan grew its position 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 buying an additional 573,000 shares during the period. Mutual of America Capital Management LLC grew its position 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 buying an additional 2,351 shares during the period. Finally, Clearbridge Investments LLC grew its position 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 buying an additional 150,316 shares during the period. 61.48% of the stock is owned by institutional investors and hedge funds.

Shares of Walt Disney Company (NYSE DIS) traded up 0.84% during midday trading on Friday, reaching $98.72. 9,087,089 shares of the company’s stock were exchanged. The stock has a market cap of $152.37 billion, a PE ratio of 17.51 and a beta of 1.42. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The company’s 50 day moving average is $102.90 and its 200-day moving average is $107.75.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 EPS. Equities analysts forecast that Walt Disney Company will post $5.82 EPS for the current fiscal year.

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In other news, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the purchase, the director now owns 7,513 shares of the company’s stock, valued at $768,880.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

A number of analysts recently issued reports on the stock. Vetr lowered shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $110.54 target price on the stock. in a research report on Thursday, July 27th. BidaskClub upgraded shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 price target 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 target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Saturday, May 20th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $111.00 price target on shares of Walt Disney Company (The) in a research note on Thursday, May 25th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $113.98.

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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